Russians Renounce Responsibility for the Country

Citing the Levada Center research institute, Kommersant reports that only a third of Russian citizens feel responsible for the developments in their country. However, a full 22% consider their responsibility to be insignificant. As many as 64% of the surveyed stated that they feel no responsibility for the fate of their land whatsoever. Only 22%…

Brexit, Another Worry for Russian Pensioners

Russian independent TV station Rain TV considers the possible impacts of Brexit on Russian pensions.  According to Deputy Finance Minister Ayrat Farrakhov, the primary concern for the Russian pension fund managers is the ensuing volatility on the financial markets.  However, the Russian Central Bank doesn’t think that Brexit represents a direct threat to the Russian economy,…

Ivanov is Wrong: Sanctions Hurt Russian Exporters

Russian daily Vedomosti writes about decreasing Russian exports to the EU in the period 2013-2015.  Some Russian government officials, most notably President’s Chief of Staff Sergei Ivanov, stated that the international sanctions imposed after Russia’s annexation of Crimea are hurting the EU more than Russia.  However, the data indicates that total Russian exports to the…

Russian Budgetary Contortions

Russian Prime Minister Dmitry Medvedev is hoping for a budget that will provide for all social expenditures regardless of the circumstances, Russian daily Vedomosti reports. He stated that the Government shouldn’t expect positive developments on the commodities market, where Brent crude traded at around USD 50 per barrel this week. Russian Ministry of Finance based…

The matter of trust in Russia

Russian business daily Vedomosti.ru published findings from the „Eurobarometer in Russia“ report prepared by The Russian Presidential Academy of National Economy and Public Administration (http://ranepa.com/), as well as the World Values Survey association (http://www.worldvaluessurvey.org/) study on the level of interpersonal trust in Russia. According to the reports, this indicator is on average 1.5-2 times lower than…