Economy
Tuesday 18 September 2018
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Would Visiting the U.S. Help Vladimir Putin ‘Humanize' His Adversary? Fact: Putin Visited Nine Times
“Indeed it is arguable that without his prolonged visit to the U.S. in 1959, Khrushchev may not have been so willing to accommodate JFK during the Cuban Missile Crisis three years later in 1962 – the reason being that only in visiting the country or countries of his adversaries is a leader able to humanize it beyond the realm of geopolitical differences. In 2018, due to the unbounded anti-Russia fever that has Washington in its grip, it is highly unlikely that any such visit to the U.S. by Russian President Vladimir Putin will be taking place anytime soon, nor to Russia by his U.S. counterpart, President Trump. In this respect at least, the hard lessons of the twentieth century have been lost.”
Russian President Vladimir Putin has much more experience “visiting the country of his adversaries,” with his nine publicly known visits to the U.S., than did Soviet leader Nikita Khrushchev, who only visited America once. Thus, the author’s argument is baseless. -
“The step (reducing U.S. Treasury Securities) is being considered a prudent approach directed towards insulating the country from the US attempt to weaponize the dollar.”
India has joined a number of other countries in reducing their holdings of U.S. Treasury securities recently. This is largely due to market factors, not “weaponization of the dollar.” -
“In our country, the average salary of women is 74% of the average salary of men. However, you can console yourself with the fact that in 2005 this figure was only 60%. It seems that there have been changes for the better. But the gap still persists, and it is large.”
If we proceed from Rosstat’s estimates, the gap between the salaries of men and women in Russia is 28.3%. After shrinking to its lowest level in 2013 (25.8%), it has since increased. -
“The city has changed dramatically in recent years; bicycle paths have appeared, the historical center has been restored. Now there's greenery everywhere. Omsk is becoming an eco-friendly, modern city.”
Not all the footage Vesti used in its report about Vladimir Putin’s visit to Omsk was of Omsk. Russia’s biggest TV channel showed footage of Moscow but said it was Omsk -- rated number four in Russia's ten most depressive cities -
”On July 4, 2016, the Polish side temporarily suspended the Agreement on Local Border Traffic under the pretext of holding the NATO Summit in Warsaw and the World Youth Day in Krakow... The events that triggered the above actions by Warsaw have long passed. But the Polish side is not eager to end the impasse, which is very surprising…As of today, Poland does not show interest in resuming the LBT. As a result, people's interests on both sides of the border are affected.”
Open border policy and free movement of goods and people is one of the founding principles of the European Union. However, Russia’s annexation of Crimea, armed conflict in Ukraine and buildup of troops inside Ukraine, Georgia and Moldova, abused the EU’s willingness to open its borders to Russia. -
“The proposed changes in the pension system will not only preserve the income levels of pensioners, but, most importantly, will ensure their sustainable, advancing growth.”
Likely falseEconomists say the reform is not comprehensive and cannot ensure sustainable retirementPutin’s pension reform comments, experts say, were “full of inaccuracies and propaganda.” The things that Putin did not say are the most essential for the sustainability of Russia's economy and ensured income for older generations. -
"As of today, the number of all liquefied natural gas plants in the United States is precisely…one. It's located in the state of Louisiana, its name is Sabine Pass and the American company ExxonMobil is a shareholder.”
Europe is heavily dependent on Russian natural gas. RIA Novosti claims that the small volumes of American LNG coming from the U.S. are political pressure and constitute a “gas war” against Moscow, even as the state-owned news agency attempts to belittle the U.S. natural gas industry. -
(Answering a question as to whether Putin and Trump discussed sanctions at their last meeting) “No. Generally speaking this did not come up.”
Dmitry Peskov contradicts Putin’s account of the meeting with the U.S. president in Helsinki in July. The Russian president claimed to have discussed the topic of Ukraine and sanctions on Russia with Trump. -
"Russia's financial system is fairly stable, it is well known to everyone. It has proved its stability in quite difficult times. Against the background of the continuing unpredictability of our overseas partners, of course, we must and we are keeping our financial system in proper state."
Russia’s financial stability assessments from the independent international observers highlight risks and further slowdown in growth. The risk factors include “weak governance” and “increased concentration of moral hazard.” -
“We’re witnessing a sharp decline in the population of working age… We have an imbalance in the labor market, there are no workers.”
While the number of Russians of employment age is lower -- and lower than Europe, the fact is the numbers would be roughly equivalent if retirement ages match. -
I am opposed to raising the retirement age [in Russia]. As long as I am president, no such decision will be made. Altogether, I believe that there is no need in our country to raise the retirement age. We can and need to boost the economy and the interest of people to continue working but without infringing on their rights to retirement. I will say this again: I am against raising the retirement age.
While Putin’s said in 2005 that the retirement age would not be raised as long as he was president, the Russian government has decided to raise the retirement age 8 years to age 63 for women, and five years to age 65 for men. Putin’s press secretary says Putin was not involved in the recent decision to raise the retirement age in Russia. -
“We managed to address a very difficult challenge that other countries which have hosted the Olympic Games have not been able to address so effectively. All of Sochi’s infrastructure – practically all – is very busy throughout the year. And both the coastal and mountain clusters are busy.”
Not every sports venue in Sochi built for the 22nd Winter Olympic Games 2014 remains busy throughout the year, contrary to Vladimir Putin’s claim. Most venues besides the Rosa Khutor Alpine Resort are occupied by tournaments and private events sporadically depending on the season.