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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 paid...
Persistent link: https://www.econbiz.de/10013046912
In July 2014, against the backdrop of an escalating conflict 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) to...
Persistent link: https://www.econbiz.de/10013047285
In June 2013, the ruble was slightly devaluated with a view to increasing ruble budget revenues amid slow-down in economic growth. A. Ulyukayev was appointed a new Minister of Economic Development, replacing A. Belousov, which most probably means an attempt to observe moderation in government...
Persistent link: https://www.econbiz.de/10013078235
In May 2013, RF President Putin continued his criticism of the government, which took the form of a well-planned media campaign designed to shift the blame for every adversity and failure in the country onto the Cabinet of Ministers. It is expected that this campaign will culminate in the...
Persistent link: https://www.econbiz.de/10013079522
Ideology is pretty efficient machinery to decrease collective action's costs. People not need to communicate or even to be familiar one another to participate the joint action, to support the policy or resist the same. The chapter studies the impact which new ideologies of the 21st century...
Persistent link: https://www.econbiz.de/10010640679
In February 2016, the RF Government actively discussed its anti-crisis plan and reached a consensus to the effect that the automotive and housing construction industries, as well as non-raw material exports and agriculture, should be subsidized from the budget. At the same time, the Government...
Persistent link: https://www.econbiz.de/10012995670
Against the backdrop of dramatically fluctuating oil prices, the main news of January were the plans declared by the Russian government, in particular the budget expenditure cut by 10%, the possibility of privatization of certain big state-owned entities, and the renewal of external borrowing....
Persistent link: https://www.econbiz.de/10012998565
In September 2013, voters cast their ballots on Russia’ single voting day. The results of voting differed greatly from one region to another: in some regions, where the voting procedure had become a mere formality, United Russia managed to win from 40 to 80% of the votes cast, while in the...
Persistent link: https://www.econbiz.de/10014152241
The October 2012 single day of voting produced approximately the same results for United Russia as were achieved by it in the 2011 parliamentary elections. The CPRF also had a good showing at the polls. The two other parliamentary parties – Fair Russia and the LDPR – did not manage to...
Persistent link: https://www.econbiz.de/10014163282
In March 2014 Russia announced the accession of Crimea based on the results of the referendum held on 16 March 2014. In response the U.S. and EU introduced visa sanctions and a ban on the possession of assets in their jurisdictions for Russian officials (and in the U.S. this also extended to...
Persistent link: https://www.econbiz.de/10014146284