Russia’s recessionary contraction has been marked with several distinct features. First, capital account deteriorated significantly. In Q3:2009 it posted a $23.7 billion deficit, reflecting net capital outflows as a result of recovery uncertainties, exchange rate and oil price volatility and the inability of the Russian banking sector of debt repayment. Thus, net capital flows to [...]

RUSSIA IS MASSIVE BUT DISAPPEARING
Russia with 6,592,800 square miles (17,075,400 square kilometers) spanning 11 time zones is easily the largest country in the world covering about 1/8th of its landmass.  The BRIC  economies, Brazil, Russia, India and China are both similar and different.  With only about 142 million people, tremendous natural resources and about 8 million [...]

Dmitry Medvedev, Russia’s new president, was welcomed with open arms by the Western world. It was hoped that this well-mannered lawyer would usher in a new era of diplomacy and finally allow Russia to step out of the shadow of the cold war.
But did we forget? This is Russia.
In August, Medvedev demonstrated his appetite for [...]