The Political and Economic Results of June 2015
Russian Economic Developments. Moscow, 2015, #7, pp. 2-5
4 Pages Posted: 4 Aug 2015
Date Written: July 24, 2015
Abstract
In June 2015, the EU states extended for another six months the economic sanctions introduced against Russia, as before linking this issue to the fulfillment of the Minsk agreements. At the St Petersburg International Economic Forum held this month, several deals were concluded, the biggest among them being the sale, by Rosneft to BP, of a 20% stake in an East Siberian oil producer company; however, the negotiations on another deal in the natural gas sector – the construction of a second pipeline to Germany, the second Russian-Chinese pipeline for gas deliveries via the Western route, or a pipeline to Greece – are still in the phase of memorandums of intentions. The decision on moving the parliamentary election from December to September 2016 was approved in first reading; Alexei Kudrin’s initiative that it should be timed with the presidential election was supported neither by the RF President’s Executive Office nor the parliament.
Keywords: Russian economy, socio-political context
JEL Classification: K0, K1, K4, D73, D74
Suggested Citation: Suggested Citation