Word: economice
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Nevertheless, the specter of a communist country of 1.3 billion people can spook even close economic partners. In the eyes of some Australians, it is one thing to sell what lies underground to China, but rather another to let Chinese companies own Australian resources themselves. Twice this year, Chinese state...
The reversal in Russia's economic fortunes is particularly painful. Since 1998 - the year of Russia's last financial crisis - the economy has expanded eight-fold. As oil prices rocketed, so did the country's self-confidence. Not content with presiding over the economic boom, then President (now Prime Minister...
Most Europeans want to see Russia stable and well-off. But they also believe that the economic crisis might bring opportunities for a political rapprochement. Some hope that the recession might just make the Russian leadership a little more humble or at least trigger reforms that would make it easier...
But while Russia's relations with the U.S. have been thawing since Barack Obama took over the White House, E.U.-Russia relations remain frosty. Talks about a new bilateral treaty on political and economic cooperation have made little headway. Hopes for a free trade agreement between Brussels and Moscow have...
Most importantly, perhaps, Russia is incensed about E.U. efforts to draw the countries that lie between the E.U. and Russia closer into its orbit. Russia has traditionally regarded Ukraine, Belarus, Moldova and other former Soviet states along its border as its "privileged sphere of influence," in the words of President...