Russian Business - Business ExchangeMost Active Articles2009-11-24T04:46:30.000-05:00Business ExchangeBusiness_Exchange@businessweek.comurn:com:businessweek:bx:topic:most-active:russian-businessRose Bradyrbrady045Garry Kasparov: Russia Worries About the Price of Oil, Not a Nuclear Iranurn:com:businessweek:bx:article:17797791032240319494-99e337299290fd31d08d1b0e1f8ebfb02009-10-19T12:30:09.340-04:00Last Wednesday in Moscow, the remaining illusions the Obama administration held for cooperation with Russia on the Iranian nuclear program were thrown in Secretary of State Hillary Clinton's face. Stronger sanctions against Iran would be "counterproductive," said Russian Foreign Minister Sergei Lavrov, just days after President Dmitry Medvedev said sanctions were likely inevitable.
Nothing matters more to Mr. Putin and his oligarchs than the price of oil. Even with oil at $70 a barrel, Russia's economy is in bad straits. Tension in the Middle East, even an outbreak of war, would push energy prices higher. A nuclear-armed Iran would, of course, be harmful to Russian national security, but prolonging the crisis is beneficial to the interests of the ruling elite: making money and staying in power.
Last Wednesday in Moscow, the remaining illusions the Obama administration held for cooperation with Russia on the Iranian nuclear program were thrown in Secretary of State Hillary Clinton's face. Stronger sanctions against Iran would be "counterproductive," said Russian Foreign Minister Sergei Lavrov, just days after President Dmitry Medvedev said sanctions were likely inevitable.
Nothing matters more to Mr. Putin and his oligarchs than the price of oil. Even with oil at $70 a barrel, Russia's economy is in bad straits. Tension in the Middle East, even an outbreak of war, would push energy prices higher. A nuclear-armed Iran would, of course, be harmful to Russian national security, but prolonging the crisis is beneficial to the interests of the ruling elite: making money and staying in power.
online.wsj.comhttp://online.wsj.com/article/SB10001424052748704322004574477693881144498.htmlRose Bradyrbrady0453210Volkswagen's Big Russian Dreamsurn:com:businessweek:bx:article:1956108764234783268-1b260631e313c72f488364c8ade501f02009-10-21T18:25:44.217-04:00First came the drums. Then other celebratory sounds rang through the factory halls as a shiny silver autobody hovered over the honorary guests gathered below. Russian Prime Minister Vladimir Putin looked devoutly at the VW assembly line, along with...First came the drums. Then other celebratory sounds rang through the factory halls as a shiny silver autobody hovered over the honorary guests gathered below. Russian Prime Minister Vladimir Putin looked devoutly at the VW assembly line, along with...BusinessWeekhttp://www.businessweek.com/globalbiz/content/oct2009/gb20091021_304424.htmAndy Reinhardtareinhardt6262200Russia's bold Opel gambiturn:com:businessweek:bx:article:10857544916205927066-e2f9763fd297f320c4966d0e284744192009-10-14T07:38:00.000-04:00Magna’s business plan for Opel hinges on securing the future of the GM unit by expanding its business in Russia potentially with Gaz, Russia’s second-largest carmaker, owned by Oleg Deripaska, the oligarch. With €4.5bn ($6.6bn) of EuropeanMagna’s business plan for Opel hinges on securing the future of the GM unit by expanding its business in Russia potentially with Gaz, Russia’s second-largest carmaker, owned by Oleg Deripaska, the oligarch. With €4.5bn ($6.6bn) of EuropeanFinancial Timeshttp://c.moreover.com/click/here.pl?r2264728841&f=97915410The End Of Foreign Investment In Russia?urn:com:businessweek:bx:article:16330616300874514358-fe2daabe1e17987f4bfd11637e5c90a62009-10-13T01:01:00.000-04:00knows what's good for him. This is, in fact, representative of the free-for-all that's characterized the Russian business environment in recent years; it makes the concerns of businesses affected by the waves of nationalizations--expropriations on aknows what's good for him. This is, in fact, representative of the free-for-all that's characterized the Russian business environment in recent years; it makes the concerns of businesses affected by the waves of nationalizations--expropriations on aForbes.comhttp://c.moreover.com/click/here.pl?r2262687113&f=97917610Special Report: BRIC Becomes BICurn:com:businessweek:bx:article:10844967062947882662-ac5d3bf106232704d34aff9539e649212009-09-22T10:18:22.858-04:00Unlike Brazil, China, and India, the Russian economy was severely hit by the global crisis, causing many to reconsider its position within the BRIC group.Unlike Brazil, China, and India, the Russian economy was severely hit by the global crisis, causing many to reconsider its position within the BRIC group.euromonitor.comhttp://www.euromonitor.com/Special_Report_BRIC_becomes_BICCarol Matlackcmatlack0693210No Place in BRIC for Russia's Economic Messurn:com:businessweek:bx:article:1993079315254083138-a21f9400ffc7542eeb43d58b5ec24fb72009-09-22T10:48:38.382-04:00Why is Russia skidding downard when the other BRIC countries are stable or growing?Why is Russia skidding downard when the other BRIC countries are stable or growing?iie.comhttp://www.iie.com/publications/opeds/oped.cfm?ResearchID=1273Carol Matlackcmatlack0692200Wrigley Goes into a New Category: Baked Snacksurn:com:businessweek:bx:article:8724666141748010366-cf0cf4563cff15c35dcc6dc413fcdee62009-10-02T16:38:40.321-04:00Wrigley Goes into a New Category: Baked Snacks Posted by: Michael Arndt on October 01 Wm Wrigley Jr. Co. is the biggest gum company in the world, but it’s only in Russia, among the Top 10 markets, where it has the leading candy, Orbit, according to...Wrigley Goes into a New Category: Baked Snacks Posted by: Michael Arndt on October 01 Wm Wrigley Jr. Co. is the biggest gum company in the world, but it’s only in Russia, among the Top 10 markets, where it has the leading candy, Orbit, according to...BusinessWeekhttp://www.businessweek.com/innovate/next/archives/2009/10/wrigley_goes_in.htmlMichael Arndtmarndt5613300When East Beats Westurn:com:businessweek:bx:article:18165363102788546165-be1fc74d654943f38117e234efee1e552009-10-01T22:24:00.000-04:00is on the 'protected' list. The law not only further strengthens the role of the security services in Russian business, but also forces prospective foreign investors to play the kind of game that so baffled Churchill: trying to analyse and predict theis on the 'protected' list. The law not only further strengthens the role of the security services in Russian business, but also forces prospective foreign investors to play the kind of game that so baffled Churchill: trying to analyse and predict theIrish Timeshttp://c.moreover.com/click/here.pl?r2239435331&f=97915410Mapping the Russian Business Network - Security Fixurn:com:businessweek:bx:article:6186870600724119354-8d322ba696dc9451e9ff8be8251ecf1f2008-11-03T14:06:17.197-05:00Mapping the Russian Business Network Today's Washington Post carries my story about the the Russian Business Network, an entity based in St. Petersburg that provides Web hosting services that cater exclusively to cyber criminals. From the story:...Mapping the Russian Business Network Today's Washington Post carries my story about the the Russian Business Network, an entity based in St. Petersburg that provides Web hosting services that cater exclusively to cyber criminals. From the story:...blog.washingtonpost.comhttp://blog.washingtonpost.com/securityfix/2007/10/mapping_the_russian_business_n.htmlPaul Barrettpbarrett729696720McKinsey: How Russia could be more productiveurn:com:businessweek:bx:article:9938102181746506632-90816691de0dc77a0cef21296660f0f72009-09-20T04:07:37.427-04:00The way out of the economic slowdown is a more effective use of the country’s resources—not just more resources.The way out of the economic slowdown is a more effective use of the country’s resources—not just more resources.bit.lyhttp://bit.ly/oiB0PJuha Lassila 劳尤豪jlassila8455500Too Big To Failurn:com:businessweek:bx:article:92117027622452927-cfbd85f54bcebbd549c5d1e4db16ca952009-07-28T13:43:43.563-04:00Russia’s economy may have contracted by 10 per cent and the country’s banking system may be weighed down by a mountain of bad debts, but there have been few bankruptcies or firesales of assets. Mr Deripaska and many other Russian billionaires are still in business – just.
Russia’s economy may have contracted by 10 per cent and the country’s banking system may be weighed down by a mountain of bad debts, but there have been few bankruptcies or firesales of assets. Mr Deripaska and many other Russian billionaires are still in business – just.
ft.comhttp://www.ft.com/cms/s/0/742250e8-7ada-11de-8c34-00144feabdc0.htmlCristina Lindbladclindblad3777610The Biggest Insider Trade in Historyurn:com:businessweek:bx:article:7072104953205444671-e8c640026776514ad63b28bd232cd9aa2008-10-31T16:26:21.969-04:00The most amazing thing about Russia's financial crisis is what the government calls it. We are told that the economy was going gangbusters until those underhanded Americans withdrew all of their speculative investments and our market collapsed through no fault of its own. A banker recently complained to me: "After the stock market crash, Severstal is now worth no more than its bank account balance. Is that a fair price?"
Excuse me, but how much is Severstal supposed to be worth?
The most amazing thing about Russia's financial crisis is what the government calls it. We are told that the economy was going gangbusters until those underhanded Americans withdrew all of their speculative investments and our market collapsed through no fault of its own. A banker recently complained to me: "After the stock market crash, Severstal is now worth no more than its bank account balance. Is that a fair price?"
Excuse me, but how much is Severstal supposed to be worth?
themoscowtimes.ruhttp://www.themoscowtimes.ru/article/1016/42/372026.htmRose Bradyrbrady045494900Magna drives into Russian feud (Dealscapeurn:com:businessweek:bx:article:5044113236999231952-21e2efb717431c65fb93a4d76f98407a2009-09-24T14:33:47.597-04:00Canada's Magna International Inc. (NYSE:MGA) may have just driven into a spat between two Russian oligarchs. Russian lender Alfa Bank -- owned by Mikhail Fridman -- reportedly is holding up a much-needed 39 billion ruble ($1.3 billion) debt...Canada's Magna International Inc. (NYSE:MGA) may have just driven into a spat between two Russian oligarchs. Russian lender Alfa Bank -- owned by Mikhail Fridman -- reportedly is holding up a much-needed 39 billion ruble ($1.3 billion) debt...thedeal.comhttp://www.thedeal.com/dealscape/2009/09/magna_drives_into_russian_feud.phpBrennen Wysongbwysong5980000No Place in BRIC for Russia’s Economic Messurn:com:businessweek:bx:article:6091664172750437601-b4589d0f20d53be292c6b363b8c7e8c72009-07-29T12:39:21.895-04:00Commentator Anders Aslund writes that "Russia is underperforming."
"The country’s natural comparison is with the BRIC countries — Brazil, Russia, India and China. According to JP Morgan’s current forecast, this year the gross domestic product of China is expected to grow by 8.4 percent, India — 6.2 percent, while that of Brazil is expected to shrink by 1.0 percent, and Russia — 8.5 percent. During the first half of 2009, China and India have been forging ahead, while Russia’s GDP plunged by 10 percent.
He goes on to explain why.
Commentator Anders Aslund writes that "Russia is underperforming."
"The country’s natural comparison is with the BRIC countries — Brazil, Russia, India and China. According to JP Morgan’s current forecast, this year the gross domestic product of China is expected to grow by 8.4 percent, India — 6.2 percent, while that of Brazil is expected to shrink by 1.0 percent, and Russia — 8.5 percent. During the first half of 2009, China and India have been forging ahead, while Russia’s GDP plunged by 10 percent.
He goes on to explain why.
moscowtimes.ruhttp://www.moscowtimes.ru/article/1016/42/379918.htmRose Bradyrbrady0454310Oligarchs Lose $230Bln in Collapseurn:com:businessweek:bx:article:668908960252592553-59381b06c74bafc6de76ba63d92277972008-10-13T17:47:25.593-04:00Russian billionaires from aluminum magnate Oleg Deripaska to football club owner Roman Abramovich lost more than $230 billion in five months during the nation's worst financial crisis since the 1998 default on its debt.
The combined wealth of Forbes magazine's 25 richest Russians tumbled 62 percent from May 19 to Oct. 6, based on declines in the equity value of traded companies and analysts' estimates of closely held assets they own. The loss is four times larger than the fortune of the world's wealthiest man, Warren Buffett.Russian billionaires from aluminum magnate Oleg Deripaska to football club owner Roman Abramovich lost more than $230 billion in five months during the nation's worst financial crisis since the 1998 default on its debt.
The combined wealth of Forbes magazine's 25 richest Russians tumbled 62 percent from May 19 to Oct. 6, based on declines in the equity value of traded companies and analysts' estimates of closely held assets they own. The loss is four times larger than the fortune of the world's wealthiest man, Warren Buffett.themoscowtimes.comhttp://www.themoscowtimes.com/article/1009/42/371599.htmRose Bradyrbrady045393720Podcast: Konstantin Kovalenko, Tatneft, discusses the Russian oil industryurn:com:businessweek:bx:article:8958100922728577226-0d9d79bb1ebe6c1d964e30479ce11a812009-04-09T12:19:12.674-04:00Konstantin Kovalenko, head of competitor analysis for Russian oil producer and refiner Tatneft spoke with Stuart Elliott, European editor for Platts Oilgram News. Kovalenko discussed the state of the Russian oil industry following a period of decline in oil production; the technical difficulties associated with recovering oil in East Siberia and offshore Russia; and expected future changes in the Russian tax regime and the possible impact on crude exports. Konstantin Kovalenko, head of competitor analysis for Russian oil producer and refiner Tatneft spoke with Stuart Elliott, European editor for Platts Oilgram News. Kovalenko discussed the state of the Russian oil industry following a period of decline in oil production; the technical difficulties associated with recovering oil in East Siberia and offshore Russia; and expected future changes in the Russian tax regime and the possible impact on crude exports. platts.comhttp://www.platts.com/podcasts/news/archive/2009/apr/spotlight040809.mp3Paul Maguirepmaguire845141310Russian Economy: Signs of Thawingurn:com:businessweek:bx:article:10389638201087214141-083aa17262e1486f3656c7370bd2e5682009-04-07T20:09:28.169-04:00After the traditionally long and harsh Russian winter, spring is finally in the air in Moscow. And perhaps on the economic front, too, things may finally be looking up, after months of pain caused by the global financial crisis. Russia is still...After the traditionally long and harsh Russian winter, spring is finally in the air in Moscow. And perhaps on the economic front, too, things may finally be looking up, after months of pain caused by the global financial crisis. Russia is still...BusinessWeekhttp://www.businessweek.com/globalbiz/content/apr2009/gb2009043_884451.htmAndy Reinhardtareinhardt626161510Russia Signs New Accord to Revive An-70 Airlifterurn:com:businessweek:bx:article:1910466460418176172-805a0daaec52c5d536baa783c66c16572009-09-10T09:44:24.809-04:00Russia has moved to revive Antonov’s dormant An-70 tactical transport project, with a new accord having been agreed at the MAKS Moscow air show in mid-August 2009….Read more
Russia has moved to revive Antonov’s dormant An-70 tactical transport project, with a new accord having been agreed at the MAKS Moscow air show in mid-August 2009….Read more
defenceiq.comhttp://www.defenceiq.com/article.cfm?externalID=1202&utm_source=e-bim&utm_medium=SMO&utm_campaign=BX&utm_content=09_10_2009&shownewswindow=1Natalie Evansnevans8850000The Worries Facing Russia's Banksurn:com:businessweek:bx:article:8049999024039720665-a3050bac41ea500b95a3a7e7c2a6eb982009-04-13T19:38:28.137-04:00Is the financial crisis in Russia coming to an end? Or is it just beginning? That seems to depend on who you listen to. In recent weeks, senior government ministers and officials have been striking an increasingly optimistic note amid signs the...Is the financial crisis in Russia coming to an end? Or is it just beginning? That seems to depend on who you listen to. In recent weeks, senior government ministers and officials have been striking an increasingly optimistic note amid signs the...BusinessWeekhttp://www.businessweek.com/globalbiz/content/apr2009/gb20090413_048946.htmAndy Reinhardtareinhardt626121110Fashion Disaster: Luxury Takes a Hit in Moscowurn:com:businessweek:bx:article:17575699547053542354-b25c20dcf4a0d83673ee963d5135e1cf2009-03-31T09:05:16.066-04:00Fewer Bentleys cruise the streets of Moscow these days, sushi sales are down and construction on Europe's tallest tower has halted for lack of money. For fashionistas at the opening of the 18th annual Russian Fashion Week on Sunday, the most potent...Fewer Bentleys cruise the streets of Moscow these days, sushi sales are down and construction on Europe's tallest tower has halted for lack of money. For fashionistas at the opening of the 18th annual Russian Fashion Week on Sunday, the most potent...time.comhttp://www.time.com/time/world/article/0,8599,1888365,00.htmlCharles Dubowcdubow602121011FT.com / Europe - Russian investors face ‘political antagonism’urn:com:businessweek:bx:article:16477209471974737593-229350512d210765957d58795d3511492009-04-09T12:11:50.697-04:00Russian investors are being driven from eastern Europe because of political antagonism in countries such as Poland and Lithuania, one of Russia’s most important businessmen has warned.
Russian investors are being driven from eastern Europe because of political antagonism in countries such as Poland and Lithuania, one of Russia’s most important businessmen has warned.
ft.comhttp://www.ft.com/cms/s/0/60c03d0c-2464-11de-9a01-00144feabdc0.htmlRose Bradyrbrady045121110Over 100 Billion Searches in a Monthurn:com:businessweek:bx:article:13815200364377045450-cfa282624ceec6738aff3fbccc6cc42e2009-08-31T21:09:47.883-04:00According to a comScore study released Monday (Aug. 31) of the global search market, more than 113 billion searches were conducted in July 2009, representing a 41% increase versus year ago. Google Sites attracted more searches than any other search...According to a comScore study released Monday (Aug. 31) of the global search market, more than 113 billion searches were conducted in July 2009, representing a 41% increase versus year ago. Google Sites attracted more searches than any other search...mytechboxonline.comhttp://www.mytechboxonline.com/mtoweb/search-comscore-09.htmlRakesh Ramanrraman1031100Deere & Company Board of Directors Approves Additional Investment in Russiaurn:com:businessweek:bx:article:12607319669462185931-6b370a3191d4a6468bfb681ea4fa941a2009-08-31T07:47:00.000-04:00its current facilities and in other locations around the country, von Pentz said. John Deere has been doing business in Russia for more than 100 years and recently has invested to expand operations, employment and sales in the Russian Federation. Today,its current facilities and in other locations around the country, von Pentz said. John Deere has been doing business in Russia for more than 100 years and recently has invested to expand operations, employment and sales in the Russian Federation. Today,Reutershttp://c.moreover.com/click/here.pl?r2175858294&f=97913210Avtovaz, Largest Carmaker in Russia, Considers Laying Off 27,000 Workersurn:com:businessweek:bx:article:3953480023387781796-9e27dc9c6f597513bcf7d505dc8bdbe82009-07-29T12:11:22.212-04:00MOSCOW — Executives at Avtovaz, the largest Russian carmaker, are reportedly considering laying off about 27,000 employees to improve performance at a factory that has been clobbered by the sharp drop in demand for cars. MOSCOW — Executives at Avtovaz, the largest Russian carmaker, are reportedly considering laying off about 27,000 employees to improve performance at a factory that has been clobbered by the sharp drop in demand for cars. New York Timeshttp://www.nytimes.com/2009/07/29/business/global/29ruble.htmlRose Bradyrbrady0452110Hermitage Claims Russian Bankers May Have Helped With Fraudurn:com:businessweek:bx:article:10947371090078639508-0963311de635192780aef524a39e179c2009-07-31T16:55:37.203-04:00The saga of Hermitage Capital Management, once a major force in Moscow financial circles, has taken a new twist in the form of a potentially explosive court filing in New York. Hermitage, now located in London, has alleged that it was the victim of Russian corporate raiders and corrupt government officials who cooperated to steal its assets, file bogus law suits, and reclaim $230 million in taxes previously paid by Hermitage to the Russian government. In its filing on July 28 in U.S. District Court in Manhattan, Hermitage alleges publicly for the first time that executives of another prominent Moscow financial institution, investment bank Renaissance Capital Holdings, may have helped defraud Hermitage.
The saga of Hermitage Capital Management, once a major force in Moscow financial circles, has taken a new twist in the form of a potentially explosive court filing in New York. Hermitage, now located in London, has alleged that it was the victim of Russian corporate raiders and corrupt government officials who cooperated to steal its assets, file bogus law suits, and reclaim $230 million in taxes previously paid by Hermitage to the Russian government. In its filing on July 28 in U.S. District Court in Manhattan, Hermitage alleges publicly for the first time that executives of another prominent Moscow financial institution, investment bank Renaissance Capital Holdings, may have helped defraud Hermitage.
BusinessWeekhttp://www.businessweek.com/globalbiz/content/jul2009/gb20090730_248222.htmRose Bradyrbrady0451010