Over the past few years, Russian companies have shown an increasing interest towards investment and preparedness to compete with other foreign players in Africa, but they have also complained bitterly of lack of state financial support and investment credit guarantees from policy banks and money-lending institutions.
Authors: Dr. Matthew Crosston , Andy Deahn
Russian President Vladimir Putin has loudly projected that his nation and the other Caspian nations will leave the dollar behind. Mr. Putin has exclaimed that the United States runs a “Dollar dictatorship” when it comes to global market oil prices and affirms that his nation’s currency will not become a victim subjected to its rule.
Interview with Maxim Chereshnev
Russian Export and Investment Fair (REIF) to be held on 19-20 November 2015, for the first time, will gather high level participants from more than 50 countries and 80 regions in Russia. The purpose of the REIF is to create an international platform for professional dialogue of the business community.
I find it is extremely ironic that the likes of congressman Paul Ryan, who fancies himself an expert on economics and is the highest ranking member on the House’s Finance Committee, lately has been sounding the alarm for his fellow citizens, warning them that if they are not careful with the national debt and budget (read that as austerity for the poor and the dismantling of the social programs while simultaneously cutting taxes for the rich) and if they do not implement urgent reforms, they will inexorably go the way of Greece and find themselves with a financial disaster on their hands. This of course is sweet sounding music to Putin’s ears who would like nothing better than to see such a scenario come to fruition.
After three days of high-level summitry deliberations, the BRICS group of countries (Brazil, Russia, India, China and South Africa), created by the five world’s leading emerging markets, have laid the strategic "road map" that will tackle challenging development and infrastructure projects, and will seek close economic cooperation under the plan termed "the Strategy of Economic Partnership" that will run till 2020.