MAIN POLITICAL AND ECONOMIC EVENTS OF DECEMBER 2015

Sergey Zhavoronkov

Russian Economic Development, 2016, issue 1, 2-6

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.

Keywords: THE POLITICAL AND ECONOMIC RESULTS; Russian Economy (search for similar items in EconPapers)
JEL-codes: D73 D74 K0 K1 K4 (search for similar items in EconPapers)
Date: 2016
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