The Political and Economic Results of June 2015

Russian Economic Developments. Moscow, 2015, #7, pp. 2-5

4 Pages Posted: 4 Aug 2015

See all articles by Sergei Zhavoronkov

Sergei Zhavoronkov

Gaidar Institute for Economic Policy

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

Zhavoronkov, Sergei, The Political and Economic Results of June 2015 (July 24, 2015). Russian Economic Developments. Moscow, 2015, #7, pp. 2-5, Available at SSRN: https://ssrn.com/abstract=2639595 or http://dx.doi.org/10.2139/ssrn.2639595

Sergei Zhavoronkov (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

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