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Russia

Russia Wrestles With Ruble Collapse

in Russia

Bad decisions when times were fat spell a rough road ahead for those who hold their savings in Russian currency.  It is amazing how things change in a few months. In September, Russia was on top of the world, the returning global power. Today, it is slipping into obscurity. If it did not have nuclear…

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Russian Thievery

in Russia

The Russian government’s threat to suspend licenses for two giga-billion projects by TNK-BP, in part owned by BP (BP) and Royal Dutch Shell (RDS-A), is not uncharacteristic of Russia and its very short term thinking. The Russian government argues that it is based on environmental concerns. Nothing, I repeat nothing, in Russia gets done based on environmental concerns. The government simply wants to muscle in on a larger stake in the projects.

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