Category business

Paranoia and economics are boring

Not much to say about Putin’s press conference (mostly boring). One thing though: there is such a thing as too much whataboutism. When a Russian journalist asks the Russian president about Russia’s crippling bureaucracy, and the president says, “It’s far…

The storm is nearing perfection

I sometimes wonder if the decision-makers in the Kremlin realize how ugly things are getting in the Russian economy, and how fast. The realization has not quite sunk in, I’m certain, but someone must have explained to the Great Helmsman the most…

Moscow or Pikalevo?

Russia is sliding into a full-scale economic and social crisis faster than I expected as the fiscal and monetary authorities are powerless to stop, much less push back, the juggernaut of self-destructive behavior launched by the Kremlin earlier this year. The…

Speculators, tax amnesty, and SWIFT

A follow-up on P.’s speech. Betters, or speculators, operate in every forex market worth its name. Some traders believe that the Central Bank of Russia (CBR) interferes from time to time to punish market players who bet on outcomes the CBR finds undesirable.…

Disaster in Vnukovo

Christophe de Margerie‘s jet hit a snowplow and crashed on a Vnukovo runway last night. Total’s CEO and the three crew members died. Margerie was returning to Paris from Gorky, south of Moscow, where he took part in a meeting…

An interesting discrepancy

Russia introduced mobile number portability (MNP) last December following months of discussions focusing on the general evilness of what Russian media called mobile slavery, which means losing one’s number when switching mobile carriers. According to a 2013 poll, 54% of…