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Main Political And Economic Events Of December 2015

Author

Listed:
  • Sergey Zhavoronkov

    (Gaidar Institute for Economic Policy)

Abstract

In December, President of Russia Vladimir Putin delivered the Annual Presidential Address to the Federal Assembly. During the traditi onal press conference he expressed his approval of the policies pursued by the RF Government and the Bank of Russia, noting that the current situati on was complicated but by no means critical. Oil prices continued their plunge, and so some offi cials declared that, among other things, events may develop in accordance with the ‘worst case scenarios’, where the price of oil may decline to $ 30–35 per barrel. By way of attracting additional funding, SIBUR and NOVATEK sold minority stakes to Chinese state corporations; however, any further sale would mean that the Russian shareholders will no longer be able to hold their controlling stakes. The controversy between Rosneft and Gazprom continues, the former having asked the government to end Gazprom’s decadelong exclusive right to export pipeline gas.

Suggested Citation

  • Sergey Zhavoronkov, 2016. "Main Political And Economic Events Of December 2015," Russian Economic Development, Gaidar Institute for Economic Policy, issue 1, pages 2-6, January.
    • Handle: RePEc:gai:recdev:665
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    More about this item

    Keywords

    THE POLITICAL AND ECONOMIC RESULTS; Russian Economy;

    JEL classification:

    • K0 - Law and Economics - - General
    • K1 - Law and Economics - - Basic Areas of Law
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions

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