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In September 2014, the RF Government approved a draft budget for 2015. In so doing it rejected the idea of increasing taxes and found an intermediate solution for the preservation of the funded component of labor pension without, however, making a fi nal decision as to its future. On the other...
Persistent link: https://www.econbiz.de/10010940055
In July 2014, against the backdrop of an escalating confl ict in Ukraine and the crash of a civilian passenger airliner in the active combat zone there, the OECD’s sanctions against Russia were severely toughened. A ban was imposed on the issuance of long-term loans (for periods over 90 days)...
Persistent link: https://www.econbiz.de/10010925833
In August 2014, Russia’s authorities announced that the funded component of labor pensions would remain frozen in 2015 – something that they had previously adamantly denied. This decision is fraught with numerous negative long-term consequences, including the erosion of the impetus to be...
Persistent link: https://www.econbiz.de/10010932792
A new truce was arranged in Ukraine in February 2015, following a meeting involving the leaders of Russia, France and the German Chancellor. However, the very context of Minsk II Agreements repeats the numerous understatements of Minsk I Agreements and can be broken any time unless solid...
Persistent link: https://www.econbiz.de/10011210441
In March 2015, the topmost headline-makers were various economic issues, including the ongoing discussion on the new draft budget for 2015–2017 and on the future course of Russia’s economic policy. However, the beginning of March was also marked by two very serious and purely political...
Persistent link: https://www.econbiz.de/10011266080
The situation in eastern Ukraine and Russian-Ukrainian interstate relations saw a certain de-escalation in June 2014. In particular, Russia recognized new Ukrainian President P. Poroshenko. However, the situation remains to be tense. The east Ukrainian armed groups cannot see how they may exist...
Persistent link: https://www.econbiz.de/10010812379
The top news story of November was the indirect polemical dispute between Vladimir Putin and Dmitry Medvedev, centered on the RF Investigative Committee’s attempt to restore at least one of its previous established powers – the right of investigators to open tax fraud cases without a request...
Persistent link: https://www.econbiz.de/10010726707
Although January 2014 saw few politically or economically significant events, it certainly witnessed an upsurge of debates on economic issues. Thus, top government officials, including Prime Minister Dmitry Medvedev, expressed their somewhat conflicting views on Russia’s economic policy at the...
Persistent link: https://www.econbiz.de/10010757155
February saw a sharp deterioration of Russo-Ukrainian relations in the aftermath of the bloody conflict in Ukraine that led to President Viktor Yanukovych’s flight into Russia and to the Crimean parliament’s refusal to recognize the new Ukrainian authorities. Russia’s authorities have so...
Persistent link: https://www.econbiz.de/10010757184
In November 2012, RF Minister of Defense Anatoly Serdiukov, accused of abetting corruption in his ministry, was sacked from office; former Deputy Minister of Regional Development was arrested; criminal proceedings against the managers of Rostelekom and the former top officials of the RF Ministry of...
Persistent link: https://www.econbiz.de/10010667753