Posts Tagged ‘Russia’

The Real Cost of Castro Inc.

| December 19th, 2014 | No Comments »
FoxNews.com

By Elizabeth MacDonald 

There is a price that the Cuban regime will exact from American companies to do business there if U.S.-Cuba relations are fully normalized, a price that likely won’t benefit the country’s lower classes, but will instead line the pockets of Castro & Co., experts on Cuba warn.

Because of its tight grip, the Castro regime has kept Cuba’s GDP hamstrung. It’s economy is now at a tiny $72.3 billion, less than half that of the state of Iowa, notes Richard J. Peterson, senior director at S&P Capital IQ. In fact, the average worker earns less than $25 a month.

Cuba is in crisis, it needs a bailout. Its crony communism has failed, it is steeped in debt, and its money is running low. Historically, Cuba has enjoyed lifelines in the form of money and oil from Venezuela, which had been generously ... Read More

Oil price plunge means survival of fittest

| December 10th, 2014 | No Comments »
Financial Times

By Anjli Raval

The 40 per cent plunge in the price of oil over the past six months is testing the mettle of the world’s biggest producers, from Venezuela to Iran and Russia. But it is also a survival of the fittest at a more granular level — among the world’s megaprojects.

Energy Aspects, a London-based consultancy, estimates that more than 12 per cent of global oil production would be uneconomic if the majors were to give the go-ahead to existing projects at today’s prices.

Most at risk are those in the Canadian oil sands which has a break-even price of $80 a barrel, US shale plays and other areas of tight oil ($76). Brazil’s deepwater fields ($75) and Mexican projects (around $70) are also vulnerable.

None of this looks pretty, particularly as most new production scheduled to come on line in the next couple of years is set to come ... Read More

Russia and Venezuela to fight low oil price

| November 20th, 2014 | No Comments »
Deutsche Welle

Russia and Venezuela are discussing joint action against low oil prices, Russian Energy Minister Alexander Novak said in Moscow. Venezuelan Foreign Minister Rafael Ramirez was in Moscow for talks as part of a tour of several oil-producing nations, including Algeria, Qatar and Iran, aimed at developing a joint strategy.

Asked if he discussed joint moves to counteract the 30-percent fall in oil prices this year, Novak told reporters: “Yes, there is such an initiative. We discussed this theme and now we are working out those proposals on our side.”

Russia and Venezuela, like the other countries on Ramirez’ travel itinerary, are heavily dependent on revenues from oil exports for their national budgets. Crude oil prices are set in the context of a global market, so global geopolitical tensions and regional supply or demand surges or drops affect oil prices everywhere.

As a result, any drive ... Read More

Russia to send bombers on Gulf of Mexico ‘reconnaissance missions

| November 13th, 2014 | No Comments »
Article Appeared in The Washington Times

By Douglas Ernst

A top Russian official said Wednesday the country plans on conducting patrols with its bombers that extend into the Gulf of Mexico.

“In the current situation we have to maintain military presence in the western Atlantic and eastern Pacific, as well as the Caribbean and the Gulf of Mexico,” Russian Defense Minister Sergei Shoigu said Wednesday in Moscow, The Associated Press reported.

Mr. Shoigu’s remarks were in response to accusations by NATO that Russia was once again sending military personnel into Ukraine.

The Russian official did not provide specifics on the patrols, but said planes will conduct “reconnaissance missions to monitor foreign powers’ military activities and maritime communications,” AP reported.

Col. Steve Warren, a Pentagon spokesman, told AP he would not characterize Russia’s actions as a provocation, as the nation has a right to operate in international airspace.

Large-scale Russian maneuvers along European airspace forced NATO members to scramble jets in ... Read More

Oil Price a Concern Says Venezuela as Al-Naimi Visits

| November 7th, 2014 | No Comments »
Bloomberg

By Ben Sharples and Pietro D. Pitts

The price of oil is a “concern for everyone,” Venezuela’s representative to OPEC said after a meeting with Saudi Arabia’s oil minister yesterday.

Rafael Ramirez, who is also Venezuela’s foreign minister, told reporters at a climate-change conference on Margarita Island that Saudi Arabia’s participation at the event was part of a meeting between friends. The Middle East nation is the biggest producer in the Organization Of Petroleum Exporting Countries, a 12-member group responsible for about 40 percent of the world’s oil supply.

Brent crude has collapsed to the lowest level in more than four years amid speculation that global supply is outpacing demand. OPEC’s leading producers are responding by cutting prices, resisting calls to reduce supply as they compete with the highest U.S. output in three decades.

Ramirez greeted Saudi Arabia’s Ali Al-Naimi as he arrived at the event before they began ... Read More

No change by Castro, no change in trade embargo

| October 23rd, 2014 | No Comments »
The Miami Herald

BY JAIME SUCHLICKI

There’s an eagerness among many in this country to begin a process of normalizing relations with Cuba. The belief persists that economic considerations could influence Raúl Castro’s policy decisions and that Cuba’s difficult economic situation will force Cuba’s leader to move toward a market economy and closer ties to the United States.

Yes, despite economic difficulties, Castro does not seem ready to provide meaningful and irreversible concessions for a U.S.-Cuba normalization. He may release and exile some political prisoners. He may offer limited economic changes to tranquilize the Cuban population, but not major structural reforms that would open the Cuban economy. Cuba is not moving to a market economy. In Cuba, political considerations dictate economic decisions.

Raúl’s legitimacy is based on his closeness to Fidel Castro’s policies of economic centralization, control and opposition to U.S. policies. Raúl cannot reject Fidel’s legacy and move closer ... Read More

Russia Today, Argentina Tomorrow

| October 21st, 2014 | No Comments »
The New York Times

By FABIÁN BOSOER and FEDERICO FINCHELSTEIN

Earlier this month, the president of Russia, Vladimir V. Putin, and the president of Argentina, Cristina Fernández de Kirchner, took part in a video conference to celebrate a new television partnership. Under the terms of the deal, the Russian-owned channel RT (formerly known as Russia Today) will soon begin broadcasting Spanish-language news in Argentina. Mrs. Kirchner hailed the development as a means for Argentines “to understand the real Russia,” as well as to help Russians learn about “the real Argentina, unlike the way the international media and the so-called national media portray us.”

Buenos Aires currently enjoys warm relations with Moscow for a variety of reasons. Argentina is looking to Russia for help in upgrading its energy sector, including a possible partnership with the Russian giant Gazprom to develop oil and shale gas ... Read More

A Nuclear Bolivia? Why Not?

| September 12th, 2014 | No Comments »
Forbes

By James Conca

The renaissance in nuclear power is in full swing around the world, just not so much in the West.

Last month, Bolivian Vice President Alvaro Garcia Linera declared his country will go nuclear as part of a “platform for his nation’s technological development for the next 400 to 500 years” (TELESUR).

In a speech closing the 7th International Congress on Oil and Gas in Santa Cruz, Bolivia, Linera stated that humanity can, and must, master this “sacred fire.”

This may shock Americans, who have trouble pointing to Bolivia on a map, but the country’s President, Evo Morales, had already announced Bolivia’s plan to go nuclear last year, and is establishing a nuclear advisory council to implement this technological future.

Russian President Vladimir Putin practically tore his shirt off to offer Bolivia help in achieving “their rightful role as a Promethean nation.”

The push to expand nuclear energy around the world is coming from a league ... Read More

Putin’s hemispheric charm offensive

| July 21st, 2014 | No Comments »
The China Post-01

By John J. Metzler

It’s been a momentous week for Russian President Vladimir Putin. While the major media focused on his trip to Brazil to accept the handover for the next FIFA World Cup soccer tournament in Russia as well as his participation in the Summit of the BRIC economic powers, the real story was the largely overlooked wraparound of his Latin American charm offensive. Here’s the background.

Cuba

Before flying to Brazil for the final soccer match and the FIFA handover for the 2018 World Cup, Putin first stopped in Cuba to renew the spark of the old cold war alliance between Castro’s communists and the Soviet Union. While Russia’s political system has witnessed significant change since 1991 following the formal collapse of the Soviet Union, Cuba remains in a kind of tropical torpor time warp. The Castro brothers still run the island but the revolutionary zeal is long gone and replaced ... Read More

China, Russia leaders seek South American inroads

| July 18th, 2014 | No Comments »
The Miami Herald

By JOSHUA GOODMAN

It’s enough to make an aging U.S. Cold Warrior shudder.

During overlapping visits to Latin America, the leaders of China and Russia have been welcomed with open arms by governments that are among the most hostile to Washington, including Cuba, Nicaragua and Venezuela. Together with stops in Argentina and Brazil, which both have distanced themselves from the U.S. in recent years, the tours underscore the mix of ideology and economics that’s allowing the two superpowers to expand their influence in America’s backyard.

“These are all countries the U.S. has some real question marks about,” said Kevin Gallagher, a Boston University economist and expert on Chinese-Latin American ties. “It’s going to require some PR so as not to be interpreted in certain, phobic circles as an overt alignment with left-leaning governments at odds with the U.S.”

Both Chinese President Xi Jinping and Russian leader Vladimir Putin said their visits were focused on ... Read More

Report: Russia will reopen spy base in Cuba

| July 17th, 2014 | No Comments »
The Miami Herald

BY JUAN O. TAMAYO

A report that Russia will reopen a Havana base that eavesdropped on U.S. communications from Key West to Washington has triggered fresh warnings of Moscow’s expansionism and predictions of a continued freeze in U.S.-Cuba relations.

Until its closure in 2002, the Lourdes base was Moscow’s largest intelligence facility abroad, with up to 1,500 KGB and GRU military intelligence officers manning an array of antennas and computers in the super-secret 28-square-mile base.

“If the report is true, there’s no question Washington will put Cuba engagement on the back burner,” said Andy Gomez, a retired Cuba specialist at the University of Miami and now senior policy advisor for the Washington law firm Poblete Tamargo.

Alvaro Alba, a Miami expert on Russia, said reopening Lourdes would underscore President Vladimir Putin’s ambitions and cast a pall on U.S.-Cuba relations as dark as that caused by Havana’s imprisonment of U.S. government subcontractor Alan Gross since ... Read More

Russia’s Ambitious Energy Diplomacy in Latin America

| July 17th, 2014 | No Comments »
Oil Price

By Nick Cunningham

Russian President Vladimir Putin, seeking to build alliances to counter Western influence, signed several energy deals in Latin America this past week.

The first stop on Putin’s six-day tour was Havana on July 11, where he met with Cuban President Raul Castro. The two sides reached an agreement that could see Russia exploring for oil in Caribbean waters, which would build up Cuba’s offshore oil industry. Putin also decided to wipe away 90 percent of the $32 billion worth of debt Cuba owes Russia, most of it dating back to the Soviet era.

The agreement was no doubt motivated by Putin’s desire to push back against what he views as U.S. meddling in Ukraine. Exploring for oil only a few dozen miles from the U.S. coast is a finger in Uncle Sam’s eye. “We will provide support to our Cuban friends to overcome the illegal blockade of Cuba,” Putin said on July ... Read More

Russia ‘agrees to reopen Cuba spy base’

| July 16th, 2014 | No Comments »
Yahoo News-01

Moscow (AFP) – Russia has provisionally agreed to reopen a major Cold War listening post on Cuba that was used to spy on the United States, a Russian daily reported Wednesday after President Vladimir Putin visited the island last week.

Kommersant reported that Russia and Cuba had agreed “in principle” to reopen the Lourdes base, mothballed since 2001, citing several sources within Russian authorities.

“The agreements were finalised while President Vladimir Putin visited Havana last Friday,” the respected daily wrote.

Russia had closed the Lourdes spy base south of Havana on Putin’s orders to save money and due to a rapprochement with the United States after the September 11 attacks.

But Moscow has since shown a new interest in Latin America and its Cold War ally Cuba and relations with the West have deteriorated amid the Ukraine crisis.

The base was set up in 1964 after the Cuban missile crisis ... Read More

Putin’s surprise visit to Nicaragua fuels canal rumors

| July 15th, 2014 | No Comments »
The Nicaragua Dispatch

BY TIM ROGERS

Russian President Vladimir Putin hailed Nicaragua as a “very important ally for Russia in Latin America” during a surprise stopover in Managua last night as part of his political/World Cup tour of Latin America.

In brief comments broadcast on Sandinista media outlets, Putin — the first Russian President to ever visit Nicaragua — noted that the two countries are celebrating 70 years of diplomatic relations, but that “we have to do a lot to continue developing our relations, especially economically.”

Nicaragua President Daniel Ortega, seated next to his wife and his favorite son, Laureano, called Putin’s visit “historic.” He compared it to a “lightning strike” — apparently meant in a happy way.

“We are very happy to have you in our land, which is your land,” Ortega told his Russian counterpart through an interpreter.

Ortega lauded Putin for his efforts to fight the war on drugs and to “fight for peace.”

Putin’s surprise ... Read More

China’s Shaky Latin American Liabilities

| July 14th, 2014 | No Comments »
The National Interest

By Matt Ferchen

China may have been a no-show for the 2014 World Cup, but at next weeks’ 6th BRICS Summit in Fortaleza, Brazil, all eyes will be on President Xi Jinping. While the summit is likely to result in important announcements such as a Shanghai-based BRICS Bank, the rest of Xi’s Latin America visit, which will include stops in Cuba, Venezuela, and Argentina, is bound to attract even more headlines.

Pundits inside and outside of China will either trumpet or decry the trip as a grand tour of China’s Latin American socialist and statist friends and a slap in the face to the United States. However, no matter how much socialist solidarity and “South-South” diplomatic back-slapping is offered up for public consumption, President Xi’s trip will actually be less about deepening already healthy ties with strong regional allies than seeking to mitigate deep anxieties about its commercial and diplomatic relations with dysfunctional friends.

In contrast ... Read More

Putin, Kirchner seek ‘multipolarity’ in Argentina visit

| July 14th, 2014 | No Comments »
Yahoo News-01

By Joshua Howat Berger

Buenos Aires (AFP) – Russian President Vladimir Putin and his Argentine counterpart Cristina Kirchner called for a multipolar world order as Moscow sought to boost ties with Latin America amid heightened East-West tensions.

Putin is on a six-day tour seeking to increase Moscow’s influence in the region at a time when the Ukraine crisis has eroded Russia’s relations with the United States and Europe to their lowest point since the Cold War.

His itinerary includes meetings with a string of leftist leaders critical of the United States and a summit of the BRICS group of emerging countries — an agenda that neatly aligns with his push for a multipolar world less dominated by the West.

Kirchner is meanwhile waging her own fight against Washington, battling a US court ruling that Argentina must pay more than $1.3 billion by the end of the month to hedge funds refusing to ... Read More

BRICS Fight Waning Clout With $150 Billion Deal in Brazil Summit

| July 14th, 2014 | No Comments »
Bloomberg

By Raymond Colitt

The leaders of five of the world’s largest emerging markets will showcase a new currency reserve fund and development bank this week. Critics say neither is enough to revive the group’s waning clout.

Brazil, Russia, India, China and South Africa, known as the BRICS, will approve the creation for the $100 billion reserve fund and $50 billion bank at a July 15-16 summit in Brazil’s coastal city of Fortaleza and the capital Brasilia.

The initiatives are born out of frustration with a lack of participation in global governance, particularly in the World Bank and International Monetary Fund, said Arvind Subramanian, senior fellow at the Peterson Institute for International Economics. The measures aren’t big enough to boost growth or cohesion in the group as foreign investor sentiment sours and member states focus on issues close to home, such as Brazil’s elections, the conflict in Ukraine and new economic policy plans in India.

“It’s hard to see a lot of impetus at this stage ... Read More

Putin Meets With Fidel Castro During Latin American Visit

| July 14th, 2014 | No Comments »
From Fox News Latino

HAVANA (AP) –  Russian President Vladimir Putin began a six-day Latin American tour aimed at boosting trade and ties in the region with a stop Friday in Cuba, a key Soviet ally during the Cold War that has backed Moscow in its dispute with the West over Ukraine.

The two countries signed about a dozen accords in areas such as energy, industry, health and disaster prevention. Russian companies will participate in petroleum projects around Boca de Jaruco on the island’s north coast, and that cooperation will extend to offshore oil deposits, Cuban government website Cubadebate said.

Another agreement covered infrastructure at a big new port project that Cuba hopes will become a regional shipping center and attract much-needed foreign investment.

“We are talking about the possibility of creating in Cuba a grand transportation hub with a possible modernization of the maritime port of Mariel and the construction of a modern airport with its ... Read More

Strengthening of Russia-Cuba relations to be priority of Putin’s visit to Cuba

| July 10th, 2014 | No Comments »
Itar Tass

MOSCOW, July 10. /ITAR-TASS/. Strengthening of trade, economic, scientific and technical cooperation between Russia and Cuba will be in the focus of Russian President Vladimir Putin’s visit to Cuba, presidential aide Yuri Ushakov has said.

Putin’s agenda for the visit to Cuba

Putin will arrive in Havana on Friday, July 11. He will meet with Cuban President Raul Castro and leader of the Cuban Revolution Fidel Castro.

Putin’s informal talk with 87-year-old Fidel Castro will open his visit. “Fidel Castro did not take any state or party posts. But he is leader of the Cuban Revolution and observes the development of the situation in the world,” Ushakov said adding that the conversation might be very interesting.

During the talks with Raul Castro, it is planned to touch upon a wide range of issues, including the implementation of agreements reached during previous visits, as well as to determine the priorities for further development of bilateral ... Read More

Mystery Surrounds Building of Nicaragua’s $40 Billion ‘Phantom Canal’

| May 19th, 2014 | No Comments »
InterAmerican Security Watch

By Rafael Castillo and Amalia Morales

VICE NEWS

The Interoceanic Canal — the biggest infrastructural project in the history of Nicaragua — is also known as the Phantom Canal, or the project that will never happen. The canal, which will connect the Atlantic coast with the Pacific — as an alternative to the Panama Canal — has been on President Daniel Ortega’s agenda for several years, without anyone being able to successfully assert whether this project is real, or mere propaganda.

Those who do believe the project is actually happening are the Nicaraguan peasants who live in the way of the possible canal route. They are certain that Chinese citizens, along with military and police, are installing numbered cinder blocks in front of their homes, and then leaving.

“Is this canal really going to happen? No one has told us anything,” Carlos González, a local cattle farmer with over 1500 acres of land that ... Read More

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