Category : Russia

11 Sobering Quotes from Alexsandr Solzhenitsyn

Great food for thought–read and ponder them all.

Posted in * Culture-Watch, * International News & Commentary, Anthropology, Books, Ethics / Moral Theology, Europe, History, Pastoral Theology, Philosophy, Religion & Culture, Russia, Theology

(FT) Dmitry Medvedev warns of new cold war

The world has entered a “new cold war,” Russian prime minister Dmitry Medvedev said on Saturday, as he held out an olive branch to western powers, urging conciliation.

“Sometimes I think, are we in 2016 or 1962?” Mr Medvedev asked, in a speech that reeled off the long list of familiar Russian grievances ”” from Nato expansion to western regime change projects ”” but also included some of the firmest calls for rapprochement with Europe and the US since Moscow’s annexation of Crimea two years ago.

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Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Defense, National Security, Military, England / UK, Ethics / Moral Theology, Europe, Foreign Relations, Politics in General, Russia, Theology

A Prayer for the Feast Day of Saint Andrei Rublev

Holy God, we bless thee for the gift of thy monk and icon writer Andrei Rublev, who, inspired by the Holy Spirit, provided a window into heaven for generations to come, revealing the majesty and mystery of the holy and blessed Trinity; who livest and reignest through ages of ages. Amen.

Posted in * Christian Life / Church Life, * International News & Commentary, * Religion News & Commentary, Church History, Europe, Orthodox Church, Other Churches, Russia, Spirituality/Prayer

([London] Times) Litvinenko was ”˜probably’ murdered with Putin approval

The inquiry concluded that there was a “strong probability” that the FSB ordered the killing. Sensationally, it went as far as saying that the killing was “probably” approved by Mr Putin himself as well as Nikolai Patrushev, then the head of the security service.
It is the first time that Mr Putin has been officially linked to the crime ”“ a move that will escalate tensions between London and Moscow.
Sir Robert [Owen], in a 300-plus page report, directly accused a former Russian security service bodyguard and a former Russian army officer as the murderers. But he said that they were “acting on behalf of others when they poisoned Mr Litvinenko”.

Read it all (requires subscription).

Posted in * Economics, Politics, * International News & Commentary, England / UK, Ethics / Moral Theology, Europe, Foreign Relations, Politics in General, Russia, Theology

(CC) Wallace Daniel–The church under Putin: Nationalism and Russian Orthodoxy

Since the passing of the Soviet era, the Russian Orthodox Church has aligned itself closely with the Russian government and especially the nationalist strategies of Vladimir Putin. In the speeches of Orthodox Patriarch Kirill of Moscow, “Orthodox civilization” is interchangeable with “Russian civilization.”

Following a long Russian Orthodox tradition, Kirill likes to contrast Russia with secular Western nations. In Belgrade in November 2014, the patriarch argued that Western nations had “abandoned their Christian identity.” He identified both liberal democracy and secularism as enemies of Orthodoxy and envisioned a “clash of civilization” in which Russian Orthodox values stood against those of the secular West.

Kirill’s vision of Russian civilization transcends Russia’s current boundaries, encompassing all Orthodox people “living in the countries of historical Rus’””namely Belorussia, Russia, and Ukraine.” The Orthodox Church had risen to the defense of Russia in the prerevolutionary past, he maintained, and it must do so again to defend the nation’s values and unity.

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Church History, Europe, History, Orthodox Church, Other Churches, Politics in General, Religion & Culture, Russia, Theology

(The Hill) Russian-made missile downed jet over Ukraine, according to MH17 report

The Malaysian passenger plane that went down over eastern Ukraine last year was downed by a Russian-developed Buk missile, the Dutch Safety Board says in a long-awaited report.

The surface-to-air missile detonated outside the front, left part of the Malaysian Airlines Flight 17 cockpit and caused other parts of the Boeing 777 to break off, according to the report released Tuesday.

The report does not say who fired the missile that brought down the plane, but suggests it should not have been flying in the area due to the risk from armed conflict there.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Asia, Defense, National Security, Military, Ethics / Moral Theology, Europe, Foreign Relations, Malaysia, Politics in General, Russia, Theology, Travel, Ukraine

(Economist) War in the Muslim world: Putin dares, Obama dithers

Both Kunduz and Russia’s bombing are symptoms of the same phenomenon: the vacuum created by Barack Obama’s attempt to stand back from the wars of the Muslim world. America’s president told the UN General Assembly this week that his country had learned it “cannot by itself impose stability on a foreign land”; others, Iran and Russia included, should help in Syria. Mr Obama is not entirely wrong. But his proposition hides many dangers: that America throws up its hands; that regional powers, sensing American disengagement, will be sucked into a free-for-all; and that Russia’s intervention will make a bloody war bloodier still. Unless Mr Obama changes course, expect more deaths, refugees and extremism.

Having seen the mess that George W. Bush made of his “war on terror”, especially in Iraq, Mr Obama is understandably wary. American intervention can indeed make a bad situation worse, as odious leaders are replaced by chaos and endless war saps America’s strength and standing. But America’s absence can make things even more grim. At some point, extremism will fester and force the superpower to intervene anyway.

That is the story in the Middle East. In Iraq Mr Obama withdrew troops in 2011. In Syria he did not act to stop Mr Assad from wholesale killing, even after he used poison gas. But when IS jihadists emerged from the chaos, declared a caliphate in swathes of Iraq and Syria, and began to cut off the heads of their Western prisoners, Mr Obama felt obliged to step back in””desultorily.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Defense, National Security, Military, Ethics / Moral Theology, Europe, Foreign Relations, Globalization, Middle East, Politics in General, Russia, Theology, Violence

(Time) Ian Bremmer–These 5 Facts Explain Putin’s War in Syria

You have to give Vladimir Putin credit””he has a special talent for changing facts on the ground and daring others to do something about it. Russian bombs are now falling on Syria, though Putin’s intentions remain a subject of debate. But here’s the bottom line: Russia’s strongman has restored his country’s status as a major international player. These 5 facts explain Putin’s calculations for joining the fight for Syria.

1. Putin’s Popularity

Putin has used tough foreign policy words and deeds to boost his popularity at home from the very start.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Defense, National Security, Military, England / UK, Ethics / Moral Theology, Europe, Foreign Relations, Politics in General, Psychology, Russia, Theology, Ukraine

(FP) Paul McCraery–The Cold War in Europe is back, but the borders have moved

“Anti-access/area denial, or A2/AD, is a growing problem,” Gen. Philip Breedlove, supreme allied commander Europe and commander of U.S. European Command, told an audience in Washington on Monday. Kaliningrad has given Moscow the ability to better defend the Baltic, while the annexation of Crimea has done the same on the Black Sea, he said.

“The geography of Europe has changed” since the end of the Cold War, Benitez said. “The geography of NATO has changed. In the Cold War NATO’s borders were in the center of the continent, but now the front lines are the Baltics, and you’re drawn to that small land bridge [near Suwalki].”

“The Russians have chosen to make this the new zone of friction, that’s where you’re seeing the air provocations,” such as Russian warplanes flying with transponders off, said Benitez.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Defense, National Security, Military, Economy, Ethics / Moral Theology, Europe, Foreign Relations, History, Politics in General, Russia, The U.S. Government, Theology, Ukraine

(FT) US-Russia: The battle for Syria

Vladimir Putin certainly knows how to steal a show. The Russian president will speak today at the UN General Assembly for the first time in a decade. The rapid build-up of Russian military force in Syria in recent weeks has turned Mr Putin into the centre of attention in New York, as rivals and allies both speculate about his intentions.

To his delight, he has managed to put the US on the back-foot. After a year of trying to freeze out Mr Putin over his military intervention in Ukraine, US President Barack Obama has decided he has little choice but to meet the Russian leader to discuss Syria.

The Russian intervention in Syria ”” in support of the isolated regime of President Bashar al-Assad ”” has come at a time when Washington’s own strategy for resolving the conflict is in tatters. The US-trained force of Syrian fighters numbers in the dozens, not the planned thousands, while air strikes have had only a limited impact on the Syrian operations of the Islamic State of Iraq and the Levant, known as Isis.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Defense, National Security, Military, Ethics / Moral Theology, Europe, Foreign Relations, Globalization, Middle East, Politics in General, Russia, Syria, Theology

A Prayer for the Feast Day of Saint Sergius

O God, whose blessed Son became poor that we through his poverty might be rich: Deliver us, we pray thee, from an inordinate love of this world, that inspired by the devotion of thy servant Sergius of Moscow, we may serve thee with singleness of heart, and attain to the riches of the age to come; through the same Jesus Christ our Lord, who liveth and reigneth with thee and the Holy Spirit, one God, now and for ever.

Posted in * Christian Life / Church Life, * International News & Commentary, Church History, Europe, Russia, Spirituality/Prayer

(FT) Is a global recession coming?

Economists at Citigroup argue in a new report that a global recession is now “the most likely outcome” over the next two years.

What exactly do they mean by a global recession?

They point out:

We use the only definition of a recession we know that makes sense when it is used consistently. As stated earlier, we define a recession as a period during which the actual unemployment rate is above the natural unemployment rate or Nairu, or during which there is a negative output gap: the level of actual real GDP is below the level of potential real GDP.

To avoid excessive attention to mini-recessions, the period of excess capacity should have a duration of a year or longer.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Asia, China, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Europe, Foreign Relations, Globalization, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Politics in General, Russia, Theology

Sheila Fitzpatrick reviews Landscapes of Communism: A History through Buildings by Owen Hatherley

I’ve noticed before the strange tendency of hateful buildings to become almost lovable after the passage of decades. Not all of them, of course. Some, like the 1960s highrise clones lining Moscow’s New Arbat (Kalinin Prospekt) become more annoying as they get shabbier. But the Moscow State University building on Lenin Hills, one of Moscow’s seven late-Stalinist wedding cakes, has definitely undergone a metamorphosis in my mind. When I lived there in the late 1960s, I regarded it as an anti-people monster, guarded by dragons who, if you had lost your pass, would throw you out to die in the snow. (According to Hatherley, they now use swipe cards to protect the building against invasion.) But I noticed a while back that I had started regarding the wedding cakes with something like affection; apparently the passage of time has naturalised them.

But Hatherley is young, and so are the Poles who like the Palace of Culture; their reassessment must come from somewhere else. Actually it seems to come from two different places. One is the Western pop/youth phenomenon that might be called Soviet ruin chic ”“ a fascination with Soviet imperial ghosts or, as Hatherley puts it, ”˜tourism of the counter-revolution’. Andrei Tarkovsky’s 1979 film Stalker, with its memorable imagery of the Zone, is a reference point here, as is real-life Chernobyl, now a tourist destination for those with a ”˜ruin chic’ sensibility. Hatherley distinguishes his own position from that of the admirers of Totally Awesome Ruined Soviet Architecture, and his ideological and personal baggage is definitely not counter-revolutionary. But there’s some family ”“ or perhaps more accurately, generational ”“ resemblance.

The other place this re-evaluation comes from is Eastern Europe, specifically young people who grew up in the Soviet bloc at the end of the communist era, and don’t share their parents’ bad memories.

Read it all from the LRB.

Posted in * Culture-Watch, * International News & Commentary, * Religion News & Commentary, Architecture, Atheism, Europe, History, Other Faiths, Religion & Culture, Russia, Theology

(AP) Ukraine urges EU to keep up sanctions pressure on Russia

Ukraine urged the European Union on Thursday to stay united in keeping up sanctions pressure on Russia over the conflict in eastern Ukraine, as EU leaders gathered for a two-day summit.

Ukrainian Prime Minister Arseniy Yatsenyuk said that Russian President Vladimir Putin is trying to divide Europe over Ukraine and that this would be a “disaster for the free world.”

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Posted in * Economics, Politics, * International News & Commentary, Defense, National Security, Military, Ethics / Moral Theology, Europe, Foreign Relations, Politics in General, Russia, Theology, Ukraine

(Economist) 1/4 Century after the end of the cold war, the world faces a growing nuclear threat

Some countries want nuclear weapons to prop up a tottering state. Pakistan insists its weapons are safe, but the outside world cannot shake the fear that they may fall into the hands of Islamist terrorists, or even religious zealots within its own armed forces. When history catches up with North Korea’s Kim dynasty, as sooner or later it must, nobody knows what will happen to its nukes””whether they might be inherited, sold, eliminated or, in a last futile gesture, detonated.

Others want nuclear weapons not to freeze the status quo, but to change it. Russia has started to wield nuclear threats as an offensive weapon in its strategy of intimidation. Its military exercises routinely stage dummy nuclear attacks on such capitals as Warsaw and Stockholm. Mr Putin’s speeches contain veiled nuclear threats. Dmitry Kiselev, one of the Kremlin’s mouthpieces, has declared with relish that Russian nuclear forces could turn America into “radioactive ash”.

Just rhetoric, you may say. But the murder of Boris Nemtsov, an opposition leader, on the Kremlin’s doorstep on February 27th was only the latest sign that Mr Putin’s Russia is heading into the geopolitical badlands…. Resentful, nationalistic and violent, it wants to rewrite the Western norms that underpin the status quo. First in Georgia and now in Ukraine, Russia has shown it will escalate to extremes to assert its hold over its neighbours and convince the West that intervention is pointless. Even if Mr Putin is bluffing about nuclear weapons (and there is no reason to think he is), any nationalist leader who comes after him could be even more dangerous.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Defense, National Security, Military, England / UK, Ethics / Moral Theology, Europe, Foreign Relations, History, Iran, Middle East, Politics in General, Russia, Science & Technology, Theology

(NYT magazine) After Boris Nemtsov’s Assassination, ”˜There Are No Longer Any Limits’ in Russia

On Russian social media, liberal Moscow has struggled to wrap its head around something that seemed like it simply couldn’t happen, until it did. It had been years since Nemtsov, a rising star in Yeltsin-era politics, had been the standard-bearer of Western liberalism, and he could be a silly bon vivant. But he was deeply intelligent, witty, kind and ubiquitous. He seemed to genuinely be everyone’s friend; when I lived in Moscow as a journalist, he was always willing to jaw over endless glasses of cognac. And he was a powerful, vigorous critic of Vladimir Putin, assailing him in every possible medium, constantly publishing reports on topics like the president’s lavish lifestyle and the corruption behind the Sochi Olympics.

How could such a prominent politician ”” a founder of the opposition Solidarity Party, a sitting member of the Yaroslavl city parliament ”” be gunned down so brazenly, within steps of the Kremlin? “We didn’t kill members of government,” Gleb Pavlovsky, an independent political consultant who used to work for Putin, told me over the phone. “It’s an absolutely new situation.” Olga Romanova, a prominent opposition activist and a close friend of Nemtsov, said, “There are more cameras in that spot than there are grains in a packet of grain.” When I called her last night, she had just come from the scene of the crime, where her friend still lay on the ground, surrounded by laughing policemen. “It’s the first time I’ve seen a very close person murdered, lying on the pavement,” she said. “It’s terrifying.”
Continue reading the main story

Putin promptly called Nemtsov’s mother to offer his condolences and threw what seemed like the entire Ministry of Internal Affairs on the case. Yet we can be sure that the investigation will lead precisely nowhere.

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, Death / Burial / Funerals, Defense, National Security, Military, Ethics / Moral Theology, Europe, Foreign Relations, Law & Legal Issues, Parish Ministry, Police/Fire, Politics in General, Russia, Theology

(FT) Wolfgang Münchau–Europe puts future at risk by playing it safe

…look where Greece has ended up after five years of crisis resolution. It has had one of the worst performances in economic history; yet we have just concluded an extension of the same policy.

Can this be sustainable? The pragmatists in Europe’s chancelleries say they can roll over loans indefinitely at very low interest rates. Economically, this is the equivalent of a debt writedown; yet politically it is easier to deliver because you do not need to recognise losses. The equivalent statement in a military conflict would be: if you renew a ceasefire often enough, you end up with peace.

This type of argument is not only immoral and dishonest. It also does not work. While you play this game of ex­tend-and-pretend, the real economy implodes: austerity has caused a meltdown in income and employment. Monetary policy mistakes caused a fall in eurozone-wide inflation rates that made it impossible for Greece and other periphery countries to improve the competitiveness they lost in the early years of monetary union.

If the EU deals with Ukraine in the same way it dealt with Greece, you can expect to see a parallel development in a few years.

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Posted in * Economics, Politics, * International News & Commentary, Credit Markets, Currency Markets, Defense, National Security, Military, Economy, Euro, Europe, European Central Bank, Foreign Relations, Greece, Politics in General, Russia, The Banking System/Sector, Ukraine

(BBC) Sir John Sawers, ex-MI6 chief, warns of Russia 'danger'

Russia has become a danger to Britain and the country must be prepared to take steps to defend itself and its allies, the former head of MI6 says.

Sir John Sawers, who recently retired after five years as chief of the Secret Intelligence Service, told BBC Radio 4’s Today programme that Russia poses a “state to state threat”.

Sir John said dealing with such threats would require more defence spending.

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Posted in * Economics, Politics, * International News & Commentary, Defense, National Security, Military, England / UK, Ethics / Moral Theology, Europe, Foreign Relations, Politics in General, Russia, Theology

(Washington Post) Russian opposition leaders see Kremlin links to Nemtsov slaying

Russian opposition leaders on Saturday accused the Kremlin of being behind the death of a towering figure of post-Soviet politics, Boris Nemtsov, as they struggled to come to grips with the highest-profile assassination of President Vladimir Putin’s 15 years in power.

Nemtsov was gunned down late Friday, steps from the Kremlin and underneath the swirling domes of St. Basil’s Cathedral ”” the heart of power in Russia and one of the most secure areas in the nation. The slaying of one of Putin’s most biting critics swept a wave of fresh vulnerability over those in the opposition, and some expressed new fears for their lives.

Putin and other allies said that the assassination was a provocation intended to discredit the Kremlin. There were no immediate suspects brought into custody in the drive-by shooting. Authorities said they were working hard to track down a light-colored sedan that was captured on surveillance cameras as Nemtsov crossed a bridge over the Moscow River on an unseasonably warm February night.

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Posted in * Christian Life / Church Life, * Economics, Politics, * International News & Commentary, Death / Burial / Funerals, Defense, National Security, Military, Ethics / Moral Theology, Europe, Foreign Relations, Parish Ministry, Politics in General, Russia, Theology

(Spectator) Anne Applebaum–How Vladimir Putin is waging war on the West ”“ and winning

Last month, the speaker of the Russian parliament solemnly instructed his foreign affairs committee to launch a historical investigation: was West Germany’s ”˜annexation’ of East Germany really legal? Should it be condemned? Ought it to be reversed? Last week, the Russian foreign minister, speaking at a security conference in Munich, hinted that he might have similar doubts. ”˜Germany’s reunification was conducted without any referendum,’ he declared, ominously.

At this, the normally staid audience burst out laughing. The Germans in the room found the Russian statements particularly hilarious. Undo German unification? Why, that would require undoing the whole post-Cold War settlement!

Which is indeed a very amusing notion ”” unless you think that this is exactly what the Russian speaker, the Russian foreign minister, and indeed the Russian President, a man who once called the collapse of the Soviet Union ”˜the greatest geopolitical catastrophe of the 20th century’, are in fact trying to achieve.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Defense, National Security, Military, England / UK, Ethics / Moral Theology, Europe, Foreign Relations, Politics in General, Russia, Theology, Ukraine, Violence

(BBC) Ukraine crisis: 'Last chance' for peace says Hollande

A peace plan drawn up by France and Germany is “one of the last chances” to end the conflict in east Ukraine, French leader Francois Hollande says.

German Chancellor Angela Merkel said it was unclear if the plan would succeed, but it was “definitely worth trying”.

Mr Hollande said the plan would include a demilitarised zone of 50-70km (31-44 miles) around the current front line.

The leaders are attempting to end the fighting in Ukraine between government troops and pro-Russia rebels.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Defense, National Security, Military, Ethics / Moral Theology, Europe, Foreign Relations, France, Germany, Politics in General, Russia, Theology, Ukraine, Violence

(AP) Oligarchs unload Sochi Olympics assets back onto Russian State to recoup investment

Russia had vowed to pay for what became the most expensive Olympics of all time by getting super-rich private investors to take the cost from the state. Instead, as the first anniversary of the games approaches, at least two of those oligarchs are quietly dumping their toxic assets on the state – forcing taxpayers to pick up the bill.

For the oligarchs, it’s a way to recoup billions of dollars as they struggle in an economy battered by plunging oil prices and Western sanctions. For Putin’s critics, it’s evidence of the crony capitalism that shields powerful businessmen from economic pain.

Two key investors have unloaded properties built for the Olympics at a combined cost of $3 billion, a spokesman to Russia’s deputy prime minister confirmed to The Associated Press. The issue is a major headache for Putin, who needs to pay off the oligarchs to keep them happy, while preventing the deals from triggering popular unrest.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Economy, Ethics / Moral Theology, Europe, Politics in General, Russia, Sports, Theology

(Economist Erasmus Blog) Greece, religion and geopolitics-A hint of civilisations clashing

As my last posting noted, the first edgy thing which the new Greek government did was to downgrade, albeit very politely, its relations with the church. The second thing was to upgrade a relationship whose historic roots are at least partly religious, with Russia. On his first day in office, prime minister Alexis Tsipras met the Russian ambassador, and then distanced Greece from an EU statement which protested over Russian actions in Ukraine and threatened further sanctions. He then named a foreign minister, Nikos Kotzias, who enjoys cordial relations with the religious-nationalist segment of the Russian elite.

Lots of questions arise. Is this a great historical paradox – the consolidation of a sentimental tie based on common Orthodox Christianity, under a secular Greek government and a stridently pious Russian one? That would be an interesting reversal of the cold war. Or is the relationship more cultural and historical, based on common memories of shimmering mosaics and swirling incense, rather than actively religious? If that is true, then it is not particularly dependent on what people on either side now believe.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Europe, Foreign Relations, Germany, Greece, History, Orthodox Church, Other Churches, Politics in General, Religion & Culture, Russia

(Foreign Affairs) Ukraine Reignites-Why Russia Should be Added to the State Sponsors of Terrorism L

Now, with the new offensive in the Dontesk and Luhansk People’s Republics, Moscow is looking to decisively win the battle in the Donbas (the name for these two regions) by propagating terrorism and political instability across Ukraine. The terrorists’ training takes place at Novaya Rus (New Russia) coordinating centres in the Russian cities of Belgorod, Tambov, Taganrog, and Rostov; in Moldova’s frozen conflict zone of Transdniestr; and in Crimea’s port of Sevastopol, home of the Black Sea Fleet. Captured terrorists from the Svat group, who were active in the Mariupol region, have testified to attending training camps in Sevastopol. There, they say, they were taught how to build bombs, wage guerrilla urban warfare, and conduct reconnaissance and intelligence operations behind enemy lines. The Russian military intelligence service (GRU) and Russia’s Federal Security Service (FSB) lead the training.

At their training, the terrorists are given five strategic goals. First, blow up train lines and key government buildings, launch small-scale hit-and-run attacks on offices at military”“industrial plants, and bomb pro-Ukraine rallies, military recruiting centres, and National Guard training facilities. Second, destabilize the country and provoke panic using whatever means at hand. The third goal is to collect intelligence on the movements of Ukrainian armed forces and National Guard battalions to help plan future terrorist attacks. Fourth, terrorists are supposed to establish underground print shops to publish pro-Russian separatist leaflets and newspapers. And finally, they are told to infiltrate Ukrainian National Guard battalions.

The training, to some degree, is working. …

Read it all.

Posted in * Economics, Politics, * International News & Commentary, Defense, National Security, Military, Ethics / Moral Theology, Europe, Foreign Relations, Politics in General, Russia, Terrorism, Theology, Ukraine

(Bloomberg) The Collapse of Putin's Economic System

The ruble meltdown and accompanying economic slump marks the collapse of Putin’s oil-fueled economic system of the past 15 years, said an executive at Gazprombank, the lender affiliated to Russia’s state gas exporter. He asked not to be identified because of the sensitivity of the issue.

The higher interest rate will crush lending to households and businesses and deepen Russia’s looming recession, according to Neil Shearing, chief emerging-markets economist at London-based Capital Economics Ltd.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Defense, National Security, Military, Economy, Ethics / Moral Theology, Europe, Foreign Relations, Globalization, Politics in General, Russia, The Banking System/Sector, Theology

The Economist explains What’s gone wrong with Russia’s economy

Russia is in the middle of a currency crisis. On December 15th its currency lost 10% of its value, having already lost about 40% this year. The central bank increased interest rates sharply, but instead of calming the market the hike was seen as a sign of desperation. The following day the rouble was at one point down a further 20% (and ended the day 10% lower). The central bank reckons that GDP could fall by 5% in 2015. Inflation is currently at 10% but is expected to accelerate rapidly. Russians are panic-buying; banks are running out of dollars. What’s gone wrong with Russia’s economy?

The problems were long in the making. Russia is highly dependent on oil revenues (hydrocarbons contribute over half the federal budget and two-thirds of exports) and over the past decade it has failed to diversify its economy. It is horribly corrupt, has weak institutions and no real property rights. The Kremlin distributes oil money via state banks to firms and projects which it selects on the basis of their political importance and their pro-Putin stance, rather than trusting the market to allocate capital to the most efficient firms. If you look at wealth, Russia is the world’s second-most unequal country. Its working-age population is shrinking fast.

Western sanctions imposed in response to Russia’s meddling in Ukraine have dealt a blow to the economy. But the proximate cause of the turmoil of the last few days is concern about Russia’s corporate sector. During 2015 Russia’s firms must repay $100 billion-worth of foreign debt. But as the rouble falls, paying back dollars becomes more difficult.

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Posted in * Economics, Politics, * International News & Commentary, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Energy, Natural Resources, Ethics / Moral Theology, Europe, Foreign Relations, Politics in General, Russia, The Banking System/Sector, Theology

(Telegraph) Ambrose Evans-Pritchard–Russia risks Soviet-style collapse as rouble defence fails

Russia has lost control of its economy and may be forced to impose Soviet-style exchange controls after “shock and awe” action by the central bank failed to stem the collapse of the rouble.

“The situation is critical,” said the central bank’s vice-chairman, Sergei Shvetsov. “What is happening is a nightmare that we could not even have imagined a year ago….”

Lars Christensen, from Danske Bank, said the Kremlin’s actions have led to the “absolutely worst possible outcome” since the botched move is enough to do grave damage, without solving anything. “They should have let the currency go rather than killing the economy. Investment is in freefall, and I fear this shock is going to be even bigger than in 2008-2009. Nothing suggests that oil is going to rebound quickly this time,” he said.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Credit Markets, Currency Markets, Defense, National Security, Military, Economy, Energy, Natural Resources, Ethics / Moral Theology, Europe, Foreign Relations, Globalization, History, Politics in General, Russia, The Banking System/Sector, Theology

The Price of Oil Being used As A Weapon by the Saudis in the Sunni/Shia battle

By October, it was becoming clear to us and others that Saudi Arabia and its Gulf Emirate allies could not afford to continue petro-pricing business as usual with sectarian wars exploding out of control, threatening the entire region.

In particular, they were infuriated that the Shia regime in Syria was being propped up by Iran and Russia. Moreover, Iran seemed to be getting closer to becoming a nuclear power with each month. Amid the chaos, the Islamic State terrorists had suddenly become a formidable challenge to the entire region, and they were getting increasing revenues from oil properties they had seized.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, * Religion News & Commentary, Energy, Natural Resources, Ethics / Moral Theology, Europe, Foreign Relations, Globalization, Iran, Islam, Middle East, Other Faiths, Politics in General, Russia, Saudi Arabia, Syria, Terrorism, Theology

A Former Soldier Embraces Role as Moscow Anglican Priest

When Clive Fairclough is asked whether he had any connection with the Slavic world before he arrived in Moscow earlier this year as the most senior Anglican cleric in Russia, he pauses for several seconds.

“The opposite way around, actually, because I spent 20 years of my life in NATO,” he answers eventually.

It is an unlikely transformation ”” from British army officer in the North Atlantic Treaty Organization devising military strategies to checkmate the Soviet Union, to Anglican chaplain in Moscow. But Fairclough, who is taking courses about the Orthodox Church and planning to learn Russian, drew out a common thread.

“In my entire career I have been a peacemaker,” he said in a recent interview in the parsonage next to St. Andrew’s Anglican Church in downtown Moscow.

Read it all.

Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Economics, Politics, * International News & Commentary, Defense, National Security, Military, Europe, Ministry of the Ordained, Parish Ministry, Russia

(Reuters) Russia plans alternative version of 'Wikipedia'

Russia plans to create its own “Wikipedia” to ensure its citizens have access to more “detailed and reliable” information about their country, the presidential library said on Friday.

Citing Western threats, the Kremlin has asserted more control over the Internet this year in what critics call moves to censor the web, and has introduced more pro-Kremlin content similar to closely controlled state media such as television.

Wikipedia, the online encyclopedia assembled and written by Internet users around the world, has pages dedicated to nearly every region or major city within Russia’s 11 time zones, but the Kremlin library said this was not good enough.

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