Economics

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Kasparov: Russia’s Allies Should Not Help Vladimir Putin

Writing for BusinessWeek, Garry Kasparov argues that the myth of Vladimir Putin’s Russia has finally collapsed, and that the economic crisis is showing how unstable the Russian economy truly is.

Feb 11, 2009 | Continued
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Moscow Unemployment Doubles Over Winter Holidays

In the ten days of the Russian new year holidays, unemployment in Moscow rose two times over, according to the Moscow Trade Union Federation.

Jan 14, 2009 | Continued
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No Resolution As Ukrainian Gas Supplies Dwindle

The Russian natural gas monopoly has accused the Ukraine of stealing natural gas bound for Europe, as negotiations on gas pricing continue to stall.

Jan 3, 2009 | Continued
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Finding the Good in Times of Crisis

The Grani.ru online newspaper asked prominent figures within the Russian opposition to search for some good from the current economic crisis, both for the country and themselves personally. Exclusive translation by theotherrussia.org.

Dec 31, 2008 | Continued
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Industrial Production Falling Sharply in Russia

Russian industrial production, a strong indicator of economic health, fell 8.7 percent in November. If the slowdown continues at the same pace, Russia will face a greater economic downturn than the 1998 financial crisis. A public opinion poll, meanwhile, showed that Russians were increasingly dissatisfied with authorities.

Dec 17, 2008 | Continued
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Opposition Protests Will Go On Despite Ban, Interference

Wide-scale opposition protests, known as Marches of Dissent, will take place in Moscow, St. Petersburg and other cities, despite bans and stiff pressure from authorities.

Dec 13, 2008 | Continued
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Medvedev: Russia May Join OPEC, Cut Crude Output

Faced with plummeting oil prices and tax revenues, Russia is considering either joining OPEC or working together with the oil cartel to cut world output.

Dec 12, 2008 | Continued
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Standard & Poor’s Downgrades Russia

In the latest news item to predict a chaotic future for the Russian economy, the Standard & Poor’s rating agency cut the country’s debt rating for the first time in ten years.

Dec 9, 2008 | Continued
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500 Thousand Russians Lose Their Jobs in November

According to the Ministry of Public Health and Social Development, at least 500 thousand Russians were laid off in November.

Dec 4, 2008 | Continued
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Russian GDP Drops .4 Percent in October

A slew of economic data revealed this week indicate that the Russian economy is heading deeper into crisis.

Nov 26, 2008 | Continued