Word: sovietizers
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...Iran to Hamas. Nor is Russia's reluctance to support the U.S.-European strategy of threatening sanctions against Iran simply a byproduct of narrow concerns over its own investments there. Instead, it reflects a view that U.S. influence is inimical to Moscow's own interests, particularly in the former Soviet states. Curbing that influence has become a goal in and of itself - though aligning with Iran, another powerful oil producer, substantially increases Russia's potential influence, particularly in Asia...
...position, there may be something to build on, but after two decades of deception, and outrageous threats from its president, Iran has to do much more than Rohani suggests to regain the world's trust. For our part, we should talk directly to Tehran, as we did with the Soviet Union during the Cold...
...Amount a Chinese businessman, Zhang Cheng, paid for a Soviet MiG-21 jet fighter on eBay. Zhang said he wants the plane as an office decoration, but it's unclear if Chinese authorities will let him import it from...
Those most optimistic about the future tend to be people too young to remember Soviet times and unburdened by any ideological aversion to capitalism. Valentina Zagrebelnaya, 25, is part of that generation. She treads carefully as she crosses Lenin Street so as not to get mud on her spike-heeled ankle boots. She runs the Kaluga branch of KMB bank, which specializes in giving small loans to entrepreneurs. She was 21 when she opened the bank branch, a graduate fresh from the local arts college, with no financial experience. No matter. Although there were few takers in the first couple...
...aside a portion of its oil revenues in a so-called stabilization fund that tops $55 billion, and Moscow is running a budget surplus equal to 7% of GDP. But economists are worried that the Kremlin hasn't used the fat years to cut back on the remnants of Soviet-era bureaucracy, modernize Russian industry or improve the overall investment climate. "Russia will continue to be hooked on oil revenue for the foreseeable future," says Ivan Szegvari, a Russian-economy specialist at the European Bank for Reconstruction and Development in London. Retailing is booming, but there are relatively few examples...