ECONOMY-RUSSIA: WHY RUSSIA CAN LIVE WITHOUT IMF LARGESSEMatt TaibbiAlex Whiting
The limits of the sanctions-heavy campaign also call into question the West’s larger project of containing Russia by non-military means. But the architects of the effort counsel patience, noting that the Russian economy has been badly damaged and arguing that what the Kremlin is doing to susta...
Russia’s economic future was supposedly golden in 2001 when the BRIC acronym was invented. But the reality has been one of exploitation by an elite, rather than increased wealth for the country as a whole. Particularly after the expulsion of Hermitage C
It is already taking place. The digital revolution, particularly with the Internet of Things, is already transforming tax administrations around the world. In Russia, data from many checkout terminals feed directly into the country’s federal tax service. The Russian tax authorities have a ...
Why does China pay special attention to BRICS, the association of five large emerging markets – Brazil, Russia, India, and South Africa, as well as China? BRICS is certainly a platform for advancing interests, especially trade and economy, but is there anything else going on with BRICS that...
Another danger of using gold as a reserve is that the asset is only worth what someone else is willing to pay for it. During an economic crash, that would put the power of determining the value of thegoldreserve, and therefore Russia’s financial fallback, into the hands of the entity ...
After the Soviet Union's dissolution, Russia, Ukraine, and Belarus created the Commonwealth of Independent States, a regional intergovernmental organization.7Shortly thereafter, many other post-Soviet states joined the organization. As of February 2024, it consists of nine members: Armenia, Azerbaijan,...
China’s weak inflation performance is worrisome, however, given its important role in the global economy. China’s PPI inflation has been in deeply negative territory since late 2022, the product of a “perfect storm” of moderating commodity prices, weakness in global demand for Chinese exports...
Northern Europeans cut themselves off from their cheap source of energy (Russia). The direct result is an energy crisis and prices that are surging. Many countries will try to print their way out of the situation, but unless peace is reached with Russia, at some point the m...
Tariffs can also be used as an extension of foreign policy as their imposition on a trading partner's main exports may be used to exert economic leverage. For example, when Russia invaded Ukraine, much of the world protested by boycotting Russian goods or imposing sanctions. In April 2022, ...