CNBC Comment: Putin’s bravado masks financial stress May 26, 2014 VLADIMIR Putin’s pivot to the East can no longer be in any doubt. Attending the St Petersburg Economic Forum (the annual meeting he set up to rival Davos) last week, high profile US attendees, like Lloyd Blankfein of Goldman Sachs, were notably absent. The most high-profile foreign delegates were from China, like vice premier Li [...]
China is the real victor as Putin looks East May 22, 2014 WHEN President Vladimir Putin voyaged to Beijing this week, it was with one thing in mind: strengthening Sino-Russian relations. The signing of a $400bn (£237bn) gas pipeline deal with Beijing formed the centrepiece of this effort. Russia’s aggression in Ukraine is pushing the US and Europe away, and Putin is looking to reorient towards an [...]
Putin doesn’t need to invade Ukraine to get what he wants April 16, 2014 THE SIMMERING crisis in Ukraine has just been brought to a boil again. Pushed to the point of no return, the fledgling government in Kiev has at last responded to Russian provocations, for the first time deploying troops, aircraft, and armoured carriers in the east of the country. Kiev has explicitly labelled this an “anti-terrorist [...]
Globalisation isn’t keeping us safe – it’s blunting our punishment of Putin March 30, 2014 CALAMITIES often serve a useful purpose in foreign policy, overturning intellectual sacred cows that – until they so dramatically reveal themselves as unfit for purpose – pass for received wisdom. The long-held leftish shibboleth of interdependence presently seems ripe for the chopping block. This cherished nostrum declares that, since countries’ economic affairs are intertwined, mainstream [...]
Why Western weakness stems from a failure to grasp Putin’s motives March 24, 2014 VLADIMIR Putin is having an easy time of it, precisely because the West is so at sea as to who he is and what he is trying to accomplish. The Russian President has painfully exposed our foreign policy elite’s schizophrenic tendencies, veering wildly between hysterical alarmism and useless gestures, both of which make the West [...]
Stocks rally after Putin speech despite Crimea tensions March 18, 2014 RUSSIAN markets rallied after a speech by President Vladimir Putin yesterday, bouncing back as he signalled an end to military aggression in Ukrainian territories. Putin signed a draft bill in Russia’s parliament to officially annex Crimea, saying that the peninsula was an integral part of Russia, but that he had no desire to further divide [...]
London Report: Shares lifted by Putin’s speech despite tension March 18, 2014 THE UK’S top share index rose yesterday as stock markets rebounded after a speech by Russian President Vladimir Putin on Ukraine, which some traders interpreted as being less aggressive in tone than had been expected. The blue-chip FTSE 100 index closed up 0.6 per cent, or 36.93 points, at 6,605.28 points – marking only the [...]
UK suspends military cooperation with Russia after Putin signs Crimea treaty March 18, 2014 Foreign secretary William Hague has said Britain has suspended bilateral military cooperation with Russia, including arms exports, in a move responding to Russia’s annexing of Crimea. President Putin has formally signed a treaty to accept the “Republic of Crimea” into the Russian Federation, saying he does not plan to seize any other regions of Ukraine. He [...]
Putin signs Crimea over to Russia as the EU and US issue sanctions March 17, 2014 PRESIDENT Putin has signed Crimea over to Russia and announced it is now a sovereign state, according to the Kremlin. The Russian president is understood to have signed a decree last night recognising the Ukrainian territory as part of Russia, following a widely-disputed vote in Crimea on Sunday. The news comes as President Obama and [...]
Putin’s calculations make Ukraine escalation all too likely March 17, 2014 GETTING inside the thinking of Vladimir Putin is a daunting prospect at the best of times; and these aren’t the best of times. Yet doing so shows why a worst-case outcome just a few days ago suddenly seems entirely plausible. After the Crimean referendum, the thoughts ringing around Putin’s head go something like this: “I [...]