An article headlined "Russian Sanctions: Are We There Yet?" devoted to sanctions against Russia and their impact on Russia’s economy appeared in Newsweek.From the article's point of view, the crisis is just beginning. The consequences of the sanctions and low oil prices are not that evident yet, but will inevitably result in “imposing massive economic dislocations” over the course of the time. Costs are to increase too. The Russian economy’s resilience will suffer damage, the article says. According to Newsweek, due to huge “financial buffers” and anti-crisis policies, Russia has options which can be used to delay the full-scale crisis. However, facing up to market pressures is inevitable somewhere in 2015. The edition emphasizes that "increasingly higher oil prices were needed to balance the budget,” in the long-term.The author sums up that the crisis is not as severe as could have been be expected, despite existing economic problems and pressure on Russia. The article states that the crisis cannot be called comprehensive, because no corresponding degree of “financial distress” can be seen in the country. Anti-Russian sanctions have not hit the target yet the way they were intended, and it is yet to be seen “whether sanctions would create conditions for peace, not just a move in Russian stocks and bonds,” the article runs.Project Syndicate published an article on Russia's partnership with China. In the article titled “A New Sino-Russian Alliance?“ the progress of Chinese-Russian cooperation is tracked, from the end of the US-China alliance with the collapse of the Soviet Union, through the subsequent rapprochement of Russia and China, which followed from the “constructive partnership”, declared in 1992 to the “strategic partnership” of 1996 and, eventually, to “friendship and cooperation,” bound by a treaty in 2001 and continual participation in a series of initiatives, shared projects and organizations, in which their stance is similar too. Still, according to the author, there are some reservations about a possible alliance between the two countries. China heavily depends on access to US markets and technology for its own economic growth - integration into the world economy means a lot for the country. So the country is extremely unlikely to endanger its economy by forming a strong alliance with Russia. The author also states that Russia and China are engaged in ongoing struggles for influence in Central Asia.
An article headlined "Russian Sanctions: Are We There Yet?" devoted to sanctions against Russia and their impact on Russia’s economy appeared in Newsweek.
From the article's point of view, the crisis is just beginning. The consequences of the sanctions and low oil prices are not that evident yet, but will inevitably result in “imposing massive economic dislocations” over the course of the time. Costs are to increase too. The Russian economy’s resilience will suffer damage, the article says. According to Newsweek, due to huge “financial buffers” and anti-crisis policies, Russia has options which can be used to delay the full-scale crisis. However, facing up to market pressures is inevitable somewhere in 2015. The edition emphasizes that "increasingly higher oil prices were needed to balance the budget,” in the long-term.
The author sums up that the crisis is not as severe as could have been be expected, despite existing economic problems and pressure on Russia. The article states that the crisis cannot be called comprehensive, because no corresponding degree of “financial distress” can be seen in the country. Anti-Russian sanctions have not hit the target yet the way they were intended, and it is yet to be seen “whether sanctions would create conditions for peace, not just a move in Russian stocks and bonds,” the article runs.
Project Syndicate published an article on Russia's partnership with China. In the article titled “A New Sino-Russian Alliance?“ the progress of Chinese-Russian cooperation is tracked, from the end of the US-China alliance with the collapse of the Soviet Union, through the subsequent rapprochement of Russia and China, which followed from the “constructive partnership”, declared in 1992 to the “strategic partnership” of 1996 and, eventually, to “friendship and cooperation,” bound by a treaty in 2001 and continual participation in a series of initiatives, shared projects and organizations, in which their stance is similar too. Still, according to the author, there are some reservations about a possible alliance between the two countries. China heavily depends on access to US markets and technology for its own economic growth - integration into the world economy means a lot for the country. So the country is extremely unlikely to endanger its economy by forming a strong alliance with Russia. The author also states that Russia and China are engaged in ongoing struggles for influence in Central Asia.
