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...make the point, the Kremlin has been turning its gas pipelines on and off. That got the attention of Ukraine, Belarus and the Czechs. To cow Poland it slapped an embargo on meat imports, pitting the angry Poles against their not-so-supportive Western neighbors. The most recent gambit is the threat to install short-range missiles in Kaliningrad or Belarus - as if those 10 American antiballistic missiles slated for deployment in Poland were aimed straight at the Kremlin's men's room. Of course, they are not. They are intended as a hedge against an Iranian nuclear threat...

Author: /time Magazine | Title: The Russia Problem | 11/20/2008 | See Source »

...other side, Russia remains true to the quip of former German Chancellor Helmut Schmidt about the Soviet Union: "An Upper Volta with nukes." OK, today it is not just rockets. The Kremlin's power also flows (more effectively, in fact) from those pipelines that have hooked Europe on Russian oil and gas. But for all of its fabulous riches in the ground, 
 Russia remains a kind of Third World country, an extraction economy whose welfare and clout fluctuate with the price of oil. Today, oil fetches less than one-half of what it did when Russia, flush with cash...

Author: /time Magazine | Title: The Russia Problem | 11/20/2008 | See Source »

...capitalists, China is seeking more power within it, especially at institutions like the International Monetary Fund, where it would like a greater say in macroeconomic lending policies. And Russia is blunt in its embrace of the system it once resisted. "It's not a struggle between ideologies," says one Kremlin official. "The struggle of ideologies is a thing of the past...

Author: /time Magazine | Title: The G-20 Summit: A Vote of Confidence for Capitalism? | 11/14/2008 | See Source »

...Russians, however, now think they may be able to back Obama away from the Bush Administration's commitment to deploy the missile-defense systems to Poland and the Czech Republic. On Wednesday, the three main Russian news agencies quoted an unnamed Kremlin source as rejecting the latest efforts by the Bush Administration to assuage Moscow's fears and suspending talks with Washington on the issue. "We will not give our agreement to these proposals," the source is quoted as saying, "and we will speak to the new Administration...

Author: /time Magazine | Title: Obama's First Diplomatic Test | 11/13/2008 | See Source »

...foundations, but the government of President Dmitry Medvedev and Prime Minister Vladimir Putin has developed a taste for the international spotlight. Despite the Russian president’s tough stance on the U.S. in his state-of-the-country address the morning after Obama’s election, the Kremlin described the first Obama-Medvedev talk on Saturday as a “constructive and positive interaction,” whatever that means. For the new American administration, the goal will be to keep Russia from arming countries like Venezuela or Iran and threatening the territorial integrity of Ukraine...

Author: By Pierpaolo Barbieri | Title: What to Expect... | 11/12/2008 | See Source »

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