Global Meltdown

EU, Russia: doomed to partnership

Relations between the European Union and Russia are at a critical stage now. Though this is a permanent state for the past ten years. Ties between the EU and Russia have particularly deteriorated in the past several years. The economic sanctions against Moscow imposed in the summer of 2014, after […]

“Enigmatic Russia” And Its Detractors

Periodically, some have engaged in what can be best described as “PoliSport”. (Years ago, I recall New York metropolitan area radio talk show host Steve Malzberg, using this term.) Such a route can prove to be faulty. This is especially true when some preferred Western mass media types do this against Russia. These instances can say […]

Why S&P Attacks Russia’s Credit Rating

On the Christmas Eve Standard & Poor’s (S&P) international credit ratings agency revised Russia’s sovereign credit ratings to credit watch negative from negative.  It said it could downgrade Russia to the non-investment-grade (speculative-grade bond, or junk bond) as soon as mid-January. Is this assessment based on indicators reflecting the real state of Russian economy? Or is it another politically […]