October 15, 2008

Институт Современного Развития

Innovative Development is the Basis of Russia's Economic Modernization – Energo-Info – October 14, 2008

E4 Group took part in the round table discussion entitledInnovative Development is the Basis of Russia's Economic Modernization,” organized by the Institute of Contemporary Development.  

The source says that the Institute of Contemporary Development is called a “think tank” by the media, and that the attention devoted to it is huge.

Россия в иностранной прессе

United States Lost Russia and Everything Else - October 15, 2008

The Moscow Times:

In his Moscow Times article, Fyodor Lukyanov, the editor of Russia in Global Affairs, discusses U.S. foreign policy prior to the elections in America. The author is sure that the next administration, whether it is led by McCain or Obama, will inherit the most difficult state of affairs in the country's foreign policy since 1968. Fyodor Lukyanov criticizes Bush’s foreign policy, calling its ambitious and excessively self-assured. Moscow policymakers often view Bush administration policies as having been openly anti-Russian. Lukyanov believes that the next president’s administration will change its attitude towards Russia. He finds candidates promises and their intentions encouraging.

Moscow Dictates Rescue of Oligarchs - October 15, 2008

Financial Times:

The article reports on the Russian oligarchs’ fate. The stock market collapse has erased more than $210bn from the oligarch's publicly traded holdings. Many have been forced to sell shares to meet margin calls on tens of billions of dollars in loans. The Russian government will disburse an $87bn rescue package to the country's most overleveraged businessmen. Of course, not everyone will get funding. Analysts and businessmen said only the most well-connected tycoons were likely to win access to funding in a process that would not be transparent.

Party Like It’s 1998 - October 14, 2008

Russia Profile:

In his article, Roland Oliphant compares the current financial crisis with the 1998 one.

When the ruble defaulted that year, the State Duma and the Federation Council played a key role in stabilizing the situation. Today, Russia faces the threat of another economic crisis. However, all analysts agree that today is not 1998. Russia’s political and economic situation is much stronger now, and the 1998 crisis marked the very bottom of a long decline that had set in much earlier. With ten years of continuous economic growth behind it, higher oil prices and huge currency reserves, Russia is much better positioned this time to ride out the storm. Nonetheless, it is clear that in the global economic crisis, the Russian government is facing its biggest test.

Dear Barack - October 14, 2008

Russia Profile:

In his Russia Profile article, columnist Vladimir Frolov writes an imaginary e-mail from Dmitry Medvedev to Barack Obama, who is set to become the next U.S  president according to the author. He thinks it might be worthwhile for Medvedev to communicate his message directly to Washington. So, Dmitry Medvedev congratulates Obama on the victory and suggests establishing a direct line of communication and cooperation. Medvedev approves of Obama’s balanced statements and excuses for rather harsh statements about the United States, which referred to Bush’s administration. The Russian president offers help in the financial crisis. He suggests that the American leader choose Bob Gates for the secretary of defense. The imaginary letter is rather friendly and humorous.

Throw Anti-Graft Plan in the Trash Heap - October 15, 2008

The Moscow Times:

In his article, Georgy Satarov, president of Indem, discusses corruption in Russia and government’s anti-corruption bill. Satarov believes that the main problem is that the bill does not address the real sources of corruption in Russia, as it does not address corruption of elected officials and law enforcement officials. The other problem is that it is just another internal bureaucratic method to try to fight the society-wide contagion. These methods are useless when there are no external institutional checks and balances, states the author of the article. More important in Satarov’s opinion is that the people know their bureaucrats far too well to believe that they will ever deprive themselves of it. He cites Alexander Ostrovssky and calls the Russian bureaucracy “dokhodnoye mesto,” as it is a government job that allows bureaucrats to make good money on the side.