tag:blogger.com,1999:blog-63964523283812135772024-02-08T08:42:57.470-05:00Russian StandardComprehensive coverage of Russian political and business newsThe Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.comBlogger123125tag:blogger.com,1999:blog-6396452328381213577.post-28878195836743718752007-05-03T20:21:00.000-05:002007-05-03T20:28:30.516-05:00Russia: Press Freedom Under ThreatRussia is among the top three nations where press freedom has deteriorated the most over the last five years, <a href="http://www.rferl.org/featuresarticle/2007/05/222C0445-0C16-4B83-95CC-30DC59AAE9CC.html">reports RFE/RL</a>.<br /><br />A new report, compiled by the New York-based <a href="http://www.cpj.org/">Committee to Protect Journalists</a> to mark World Press Freedom Day today, found that almost a dozen journalists in Russia have been murdered since 2002. The report focuses on the 10 countries where press freedom has most deteriorated. Russia stands in third place, below Ethiopia and Gambia.<br /><br />The <a href="http://www.state.gov/">U.S. State Department</a> also criticized Russian media freedom this week and expressed <a href="http://www.state.gov/r/us/2007/84169.htm">“grave concern”</a> over the October killing of investigative reporter <a href="http://en.wikipedia.org/wiki/Anna_Politkovskaya">Anna Politkovskaya</a>.<br /><span style="font-style:italic;"><a href="http://www.sptimes.ru/index.php?action_id=2&story_id=21532">Read more...</a></span>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com37tag:blogger.com,1999:blog-6396452328381213577.post-38940767210613946182007-04-18T17:15:00.000-05:002007-04-18T17:38:11.108-05:00A Nervous WreckThe violent crackdown on last weekend's March of the Dissenters points to the increased paranoia of the Russian government elite ahead of the December 2007 parliamentary and the March 2008 presidential elections, <a href="http://www.themoscowtimes.com/stories/2007/04/19/006.html">according to Moscow Times' columnist Georgy Bovt</a>. The use of excessive force of the security troops and the careful planning of the crackdown show that Kremlin elite is not willing to leave anything to chance.<br /><br />There is a question of 'why'. Putin's standing remains high, Russian economy is booming and foreign investors keep pouring funds into the Russian stock market. As <a href="http://www.signandsight.com/features/1304.html">Sonja Margolina writes in Frankfurter Rundschau</a> (here is the original article <a href="http://www.fr-online.de/in_und_ausland/kultur_und_medien/feuilleton/?em_cnt=1116147">in German)</a> "only through a monstrous hall of mirrors could one see in the handful of opposition members without resources and support, anything approaching "orange revolutionaries" or Western-influenced conspirators." She sees the late events as a "symptom of the political crisis that seems to be gripping the Putinesque vertical at the nadir of its un-challenged power."The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com8tag:blogger.com,1999:blog-6396452328381213577.post-21633222695813766852007-04-17T22:22:00.000-05:002007-04-17T22:26:52.450-05:00Kremlin Says Riot Police OverreactedA Kremlin spokesman said Tuesday that the beating of demonstrators at opposition rallies in Moscow and St. Petersburg over the weekend was an "overreaction" by riot police who were attempting to ensure "law and order on the streets." <span style="font-style:italic;"><a href="http://www.washingtonpost.com/wp-dyn/content/article/2007/04/17/AR2007041701338.html?nav=rss_email/components?nav=slate">Read more...</a></span>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com0tag:blogger.com,1999:blog-6396452328381213577.post-28513891843375708602007-04-17T22:02:00.001-05:002007-04-17T22:02:51.730-05:00Moscow March of the Dissenters Demo<div xmlns='http://www.w3.org/1999/xhtml'><p><object height='350' width='425'><param value='http://youtube.com/v/7_m8MDRemUA' name='movie'></param><embed height='350' width='425' type='application/x-shockwave-flash' src='http://youtube.com/v/7_m8MDRemUA'></embed></object></p></div>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com0tag:blogger.com,1999:blog-6396452328381213577.post-1170815285971285982007-04-17T21:30:00.000-05:002007-04-17T21:39:10.861-05:00White House Criticizes RussiaThe White House voiced criticism of this weekend's events in Moscow and St. Petersburg. The White House spokeswoman Dana Perino specifically talked about the emerging pattern of excessive force used by the Russian authorities and the crackdown on the freedom of press. <a href="http://www.dailyherald.com/story.asp?id=302535"><span style="font-style:italic;">Read more here...</span></a><br /><br />However, as the AP article reports "opinion polls rate Putin as Russia’s most popular political figure by far, thanks to newfound political stability and rapid economic growth fueled by high world oil prices. That popularity has cowed mainstream politicians in parliament and allowed Putin to strengthen the Kremlin’s powers."The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com0tag:blogger.com,1999:blog-6396452328381213577.post-1155430479382287702007-04-17T21:14:00.000-05:002007-04-17T21:23:23.959-05:00The Coming Era of Russia's Dark RiderStratfor, the intelligenece consulting company, gives a rather chilling perspective of the recent crackdown on Russian opposition in Moscow and St.Petersburg. According to the writer of the report, Peter Zeihan, the events not only showed that the Russian opposition is isolated and weak but rather that the Kremlin is sending a deliberate message to its critics in Russia and abroad.<br /><br /><span style="font-style:italic;">Peter Zeihan<br /><br />Russian opposition members rallied in Moscow's Pushkin Square on April 14. The so-called Dissenters' March was organized by Other Russia, an umbrella group that includes everyone from unrepentant communists and free-market reformers to far-right ultranationalists whose only uniting characteristic is their common opposition to the centralization of power under President Vladimir Putin's administration.<br /><br />Minutes after the march began, the 2,000 or so protesters found themselves outnumbered more than four to one by security forces. They quickly dispersed the activists, beating and briefly detaining those who sought to break through the riot-control lines. Among those arrested were chess-champion-turned-political-activist Garry Kasparov and Maria Gaidar, the daughter of Russia's first post-Soviet reformist prime minister. Former Prime Minister Mikhail Kasyanov only avoided arrest because his bodyguards helped him to escape. A Reuters crew was permitted to capture the events and disseminate them to the West. A day later, another protest, albeit far smaller, was broken up in a similar way in St. Petersburg, though Kasparov was detained before the protest even began.<br /><br />What gives? The protests were insignificant in both numerical and political terms. Moreover, with all that is going on in the world right now, the last thing the Putin government needs is to attract negative attention to itself. The answer becomes apparent when one considers Russia's point in its historical cycle and the mounting pressures on Putin personally that have nothing whatsoever to do with "democracy."<br /><br />The Russian Cycle<br /><br />At the risk of sounding like a high school social studies teacher (or even George Friedman), history really does run in cycles. Take Europe for example. European history is a chronicle of the rise and fall of its geographic center. As Germany rises, the powers on its periphery buckle under its strength and are forced to pool resources in order to beat back Berlin. As Germany falters, the power vacuum at the middle of the Continent allows the countries on Germany's borders to rise in strength and become major powers themselves.<br /><br />Since the formation of the first "Germany" in 800, this cycle has set the tempo and tenor of European affairs. A strong Germany means consolidation followed by a catastrophic war; a weak Germany creates a multilateral concert of powers and multistate competition (often involving war, but not on nearly as large a scale). For Europe this cycle of German rise and fall has run its course three times -- the Holy Roman Empire, Imperial Germany, Nazi Germany -- and is only now entering its fourth iteration with the reunified Germany.<br /><br />Russia's cycle, however, is far less clinical than Europe's. It begins with a national catastrophe. Sometimes it manifests as a result of disastrous internal planning; sometimes it follows a foreign invasion. But always it rips up the existing social order and threatens Russia with chaos and dissolution. The most recent such catastrophe was the Soviet collapse followed by the 1998 financial crisis. Previous disasters include the crushing of Russian forces in World War I and the imposition of the Treaty of Brest-Litovsk; the "Time of Troubles," whose period of internal warfare and conspiracy-laden politics are a testament to the Russian predilection for understatement; and near annihilation under the Mongol occupation.<br /><br />Out of the horrors of defeat, the Russians search desperately for the second phase of the cycle -- the arrival of a white rider -- and invariably they find one. The white rider rarely encapsulates what Westerners conceive of as a savior -- someone who will bring wealth and freedom. Russian concerns after such calamities are far more basic: they want stability. But by Russian standards, the white rider is a rather optimistic fellow. He truly believes that Russia can recover from its time of trial, once a level of order is restored. So the Russian white rider sets about imposing a sense of consistency and strength, ending the free fall of Russian life. Putin is the current incarnation of Russia's white rider, which puts him in the same category as past leaders such as Vladimir Lenin and, of course, Russia's "Greats": Catherine and Peter.<br /><br />Contrary to portrayals of him by many in the Western media, Putin is not a hard-nosed autocrat set upon militarization and war. He is from St. Petersburg, Russia's "window on the West," and during the Cold War one of his chief responsibilities was snagging bits of Western technology to send home. He was (and remains) fully cognizant of Russia's weaknesses and ultimately wanted to see Russia integrated as a full-fledged member of the Western family of nations.<br /><br />He also is pragmatic enough to have realized that his ideal for Russia's future and Russia's actual path are two lines that will not converge. So, since November 2005, Putin has been training two potential replacements: First Deputy Prime Ministers Dmitri Medvedev and Sergei Ivanov. At this point, nearly a year before Russia's next presidential election, determining which one will take over is a matter of pure guesswork. Also unclear is what role, if any, Putin will grab for himself -- up to and including a continuation of his presidency.<br /><br />The question of who takes over in March 2008 is generating much interest and debate among Kremlinologists. It clearly matters a great deal both politically and economically, though geopolitically the discussion misses the point. The real takeaway is that Russia's current white horse period is coming to an end. Putin's efforts to stabilize Russia have succeeded, but his dreams of Westernizing Russia are dead. The darkness is about to set in.<br /><br />The Dark Rider<br /><br />In the third phase of the Russian cycle, the white rider realizes that the challenges ahead are more formidable than he first believed and that his (relative) idealism is more a hindrance than an asset. At this point the white rider gives way to a dark one, someone not burdened by the white rider's goals and predilections, and willing to do what he feels must be done regardless of moral implications. The most famous Russian dark rider in modern times is Josef Stalin, of course, while perhaps the most consuming were the "Vasilys" of the Vasily Period, which led to the greatest civil war in Russian medieval history. In particularly gloomy periods in Russia's past (which is saying something) the white rider himself actually has shed his idealism and become the dark rider. For example, Ivan the IV began his rule by diligently regenerating Russia's fortunes, before degenerating into the psychotic madman better known to history as Ivan the Terrible.<br /><br />Under the rule of the dark rider, Russia descends into an extremely strict period of internal control and external aggression, which is largely dictated by Russia's geographic weaknesses. Unlike the United States, with its deep hinterland, extensive coasts and lengthy and navigable river networks, Russia's expansive barren landscape and lack of maritime transport options make trade, development and all-around life a constant struggle. Russia also lacks any meaningful barriers to hide behind, leaving it consistently vulnerable to outside attack.<br /><br />Understanding that this geographic reality leaves Russia extremely insecure is critical to understanding Russia's dark periods. Once the dark rider takes the state's reins, he acts by any means necessary to achieve Russian security. Internal opposition is ruthlessly quashed, economic life is fully subjugated to the state's needs and Russia's armies are built furiously with the intent of securing unsecurable borders. That typically means war: As Catherine the Great famously put it: "I have no way to defend my borders except to extend them."<br /><br />After a period of unification and expansion under the dark rider, Russia inevitably suffers from overextension. No land power can endlessly expand: the farther its troops are from core territories, the more expensive they are to maintain and the more vulnerable they are to counterattack by foreign forces. Similarly, the more non-Russians who are brought under the aegis of the Russian state, the less able the state is to impose its will on its population -- at least without Stalin-style brute force. This overextension just as inevitably leads to stagnation as the post-dark rider leadership attempts to come to grips with Russia's new reality, but lacks the resources to do so. Attempts at reform transform stagnation into decline. Stalin gives way to a miscalculating Nikita Khrushchev, a barely conscious Leonid Brezhnev, an outmatched Mikhail Gorbachev and a very drunk Boris Yeltsin. A new disaster eventually manifests and the cycle begins anew.<br /><br />Why the Crackdown?<br /><br />The April 14-15 protests occurred at an inflection point between the second and third parts of the cycle -- as the white rider is giving way to a dark rider. Past Russian protests that involved 2,500 total people at most would have been allowed simply because they did not matter. The Putin government has a majority in the rubber-stamp Duma sufficient to pass any law or constitutional change in a short afternoon of parliamentary fury. All meaningful political parties have been disbanded, criminalized or marginalized; the political system is fully under Kremlin control. The Kasparov/Kasyanov protests did not threaten Putin in any meaningful way -- yet in both Moscow and St. Petersburg a few dozen people were blocked, beaten and hauled off to court.<br /><br />This development was no accident. Roughly 9,000 riot police do not spontaneously materialize anywhere, and certainly not as the result of an overenthusiastic or less-than-sober local commander. A crackdown in one city could be a misunderstanding; a crackdown in two is state policy. And one does not send hundreds of batons swinging but allow Reuters to keep filming unless the objective is to allow the world to see. Putin chose to make these protests an issue.<br /><br />Putin, then, is considering various groups and rationalizing his actions in the context of Russia's historical cycle:<br /><br /> * The West: Putin certainly does not want any Western capital to think he will take exiled oligarch Boris Berezovsky's recent threats of forcible revolution lying down. Berezovsky says violence is a possibility -- a probability even -- in the future of regime change in Russia? Fine. Putin can and did quite easily demonstrate that, when it comes to the application of force in internal politics, the Russian government remains without peer.<br /><br /> * The people: Putin knows that governance is not so much about ruling as it is about managing expectations. Russians crave stability, and Putin's ability to grant that stability has earned him significant gravitas throughout Russia as well as a grudging respect from even his most stalwart foes. He is portraying groups such as the Other Russia as troublemakers and disturbers of the peace. Such explanations make quite attractive packaging to the average Russian.<br /><br /> * The opposition: It is one thing to oppose a wildly powerful and popular government. It is another thing when that government beats you while the people nod approvingly and the international community barely murmurs its protest. Putin has driven home the message that the opposition is not just isolated and out of touch, but that it is abandoned.<br /><br /> * The Kremlin: Just because Putin is disappointed that his dreams are unattainable does not mean he wants to be tossed out the proverbial air lock. Showing any weakness during a transition period in Russian culture is tantamount to surrender -- particularly when Russia's siloviki (nationalists) are always seeking to rise to the top of the heap. Putin knows he has to be firm if he is to play any role in shaping Russia during and after the transition. After all, should Medvedev and Ivanov fail to make the grade, someone will need to rule Russia -- and the only man alive with more experience than Putin has a blood-alcohol level that precludes sound decision-making.</span>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com2tag:blogger.com,1999:blog-6396452328381213577.post-34580778369831803272007-04-16T11:05:00.000-05:002007-04-16T11:12:10.891-05:00Just What is Putin Afraid Of Exactly?<a href="http://www.spiegel.de/international/germany/0,1518,477450,00.html">Der Spiegel</a> summarized the reaction of the German press to last weekends crackdowns on opposition protests in Moscow and St. Petersburg. <br /><br />And <a href="http://www.spiegel.de/international/world/0,1518,471877,00.html">Garry Kasparov discusses</a> with Der Spiegel Other Russia's prospects, corruption in the Putin administration and upcoming elections.The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com9tag:blogger.com,1999:blog-6396452328381213577.post-43891187817577460822007-04-15T13:36:00.000-05:002007-04-15T13:40:11.967-05:00Beware. The Claws Are ThereThe inevitable comparisons of Putin's Russia and the Soviet Union are beginning to appear. This is an editorial in <a href="http://www.timesonline.co.uk/tol/comment/leading_article/article1654840.ece">today's Times</a>:<br /><br /><span style="font-style:italic;">Like the end of history, the end of the cold war turns out to have been little more than western wishful thinking. And like history, the cold war seems to be repeating itself. Once again chilly winds are blowing across the steppes and over the rest of the world; perestroika and glasnost are little more than memories. Russia today is beginning to resemble the old Soviet Union — repressive at home and aggressive abroad. President Putin is quick to stamp on opposition. One has only to think of Anna Politkovskaya, of Mikhail Khodorkovsky and of Alexander Litvinenko.</span> <span style="font-style:italic;"><a href="http://www.timesonline.co.uk/tol/comment/leading_article/article1654840.ece">Read more...</a></span>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com1tag:blogger.com,1999:blog-6396452328381213577.post-8796075647448044672007-04-15T11:59:00.000-05:002007-04-15T12:09:22.081-05:00Riot Police Beat Anti-Kremlin Demonstrators in St. PetersburgAs expected, the police cracked down on participants of the March of Dissent rally in St. Petersburg linked to the Kremlin opposition group Other Russia. Yesterday, the police arrested dozens of protesters in Moscow, among them Other Russia's leader Gary Kasparov. <a href="http://www.washingtonpost.com/wp-dyn/content/article/2007/04/15/AR2007041500250.html?hpid=topnews">The Washington Post</a> and <a href="http://www.rferl.org/featuresarticle/2007/04/d97f7c07-5f1d-4f19-8f30-ea3177559485.html">RFE/RL</a> offer a comprehensive account of the recent events.The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com1tag:blogger.com,1999:blog-6396452328381213577.post-11773854124046760882007-04-14T23:13:00.000-05:002007-04-14T23:36:23.314-05:00Markets Suffer After Russia Bans Immigrant VendorsThe April 1 government decree banning immigrants from working as vendors in Russian outdoor markets resulted, as predicted, in shortages of food products and higher prices. <br /><br /><a href="http://www.nytimes.com/2007/04/14/world/europe/14market.html?n=Top%2fNews%2fWorld%2fCountries%20and%20Territories%2fRussia%20and%20the%20Former%20Soviet%20Union">New York Times's Andrew Kramer reports</a> that as a result of the decree, only 68 percent of the market stalls in Russia are occupied, according to government figures, while shortages and price increases are becoming acute in some regions. In one market in Chelyabinsk, in the Ural Mountains, prices for nonfood items rose 16 percent, according to the government, which surveyed 14 markets earlier this month. In Moscow, some 10,000 of the estimated 60,000 market stalls were vacant, according to the city government.<br /><br />As the figures above are presented by the very same government that ascribed the price increases on the markets following the decree to inflation, it is probable that the problem is more acute. <br /><br />This decree is the second part of the law designed to reduce the influx of immigrants from Central Asia and the Caucasus. On January 15, a law was passed reducing the number of foreigners allowed to work in the markets to 40 percent of the total workforce.<br /><a href="http://www.nytimes.com/2007/04/14/world/europe/14market.html?n=Top%2fNews%2fWorld%2fCountries%20and%20Territories%2fRussia%20and%20the%20Former%20Soviet%20Union"><span style="font-style:italic;">Read more...</span></a>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com0tag:blogger.com,1999:blog-6396452328381213577.post-89056086730315901172007-04-14T22:50:00.000-05:002007-04-14T22:54:33.474-05:00Apologies for the Recent InactivityDear readers, please accept my apologies for the recent hybernation of the blog. I will try to keep it more up-to-date going forward. Thanks for your support.The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com3tag:blogger.com,1999:blog-6396452328381213577.post-83051842192257671802007-04-14T22:34:00.000-05:002007-04-14T23:47:08.888-05:00Kasparov Arrested at Other Russia's Rally in MoscowOn Saturday, Russian opposition activist <a href="http://en.wikipedia.org/wiki/Kasparov">Garry Kasparov</a> was among about 170 people arrested as police moved against a banned anti-Kremlin rally in Moscow. Anti-Kremlin demonstrators plan to take again to the streets of St Petersburg on Sunday. <span style="font-style:italic;"><a href="http://news.bbc.co.uk/2/hi/europe/6556739.stm">More from BBC...</a></span><br /><br />Also, <a href="http://news.bbc.co.uk/2/hi/europe/6555377.stm">BBC has published</a> a short profile of Kasparov and his political activity with the opposition coalition <a href="http://en.wikipedia.org/wiki/The_Other_Russia">The Other Russia</a>.<br /><br /><a href="http://www.sundayherald.com/life/people/display.var.1329723.0.kasparov_russias_white_knight.php">The Sunday Herald's portrayal of Kasparov</a> in lieu of the publishing of Kasparov's memoirs 'How Life Imitates Chess' was timed perfectly to coincide with the recent events in Moscow.<br /><br />For more first-hand information and photos of the events, see entries in Robert Amsterdam's blog:<br /><a href="http://www.robertamsterdam.com/2007/04/a_phone_call_with_garry_kaspar.htm">A Phone Call with Garry Kasparov and Karinna Moskalenko</a><br /><a href="http://www.robertamsterdam.com/2007/04/grigory_pasko_a_dispatch_from.htm">Grigory Pasko: A Dispatch from the Frontlines</a><br /><a href="http://www.robertamsterdam.com/2007/04/photo_digest_of_the_dissenters.htm">Photo Digest of the Dissenter's March</a><br /><a href="http://www.robertamsterdam.com/2007/04/on_the_phone_with_moscow.htm">On the Phone with Moscow</a>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com0tag:blogger.com,1999:blog-6396452328381213577.post-21084719469381299342007-01-24T17:16:00.000-05:002007-01-24T17:19:14.202-05:00Putin Touts Resurgent RussiaRussian President Vladimir Putin has accused Kremlin critics of trying to weaken Russia's increasing influence as a global power. The Russian president used an interview with Indian media, and a press conference with Italian Prime Minister Romano Prodi, to hit back at Western critics who he says are trying to put Russia in its place. <span style="font-style:italic;"><a href="http://www.rferl.org/featuresarticle/2007/01/647b4e8b-b65d-45d6-a2cb-8ece2da872e8.html">More from Radio Free Europe / Radio Liberty...</a></span>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com1tag:blogger.com,1999:blog-6396452328381213577.post-40866221428057949772007-01-24T11:56:00.000-05:002007-01-24T12:06:31.318-05:00Lukoil Carves A Position For Itself In The Oil IndustryWhile Russian energy companies like <a href="http://www.gazprom.com">Gazprom</a>, <a href="http://www.rosneft.com">Rosneft</a> and now bankrupt <a href="http://en.wikipedia.org/wiki/Yukos">Yukos</a> have been dominating the headlines of not only business news, the largest Russian oil group, <a href="http://www.lukoil.com">Lukoil</a>, employed a more subtle approach, <a href="http://www.ft.com/cms/s/3f6a4886-ab0e-11db-b5db-0000779e2340.html">reports the Financial Times in a series of articles</a>. In a string of deals examined by the Financial Times, Lukoil has invested $3bn in downstream assets, principally in eastern Europe, including buying three refineries in Ukraine, Romania and Bulgaria and acquiring 2,000 petrol stations in the region.<br /><br />Unlike state-controlled Gazprom, Lukoil is a fully-privatised company that works closely with a strategic foreign shareholder – ConocoPhilllips of the US, which owns just under 20 per cent. <a href="http://www.ft.com/cms/s/39f7b9d8-aaff-11db-b5db-0000779e2340.html"><span style="font-style:italic;">Read more...</span></a>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com0tag:blogger.com,1999:blog-6396452328381213577.post-61352055289319696422007-01-23T20:59:00.000-05:002007-01-23T21:01:24.615-05:00Russia Dominates List Of Leading Hedge FundsIt’s probably the corporate governance, <a href="http://nakedshorts.typepad.com/nakedshorts/2007/01/its_probably_th.html">jokes Greg Newton at Naked Shorts</a>. A quick look at the list of the best performing single-strategy hedge funds over the past five years, courtesy of Pensions and Investments 2006 Databook, reveals a theme.<br /><br />Of the top 40, 12 contain the words Russia or Russian. Then throw in one from Ukraine, and two further funds which hail from the Firebird Management, the fund manager co-founded by Harvey Sawikin that specializes in Russia and countries that were once part of the Soviet Union, and a sizeable chunk of the league table has found success in those markets, just going on name alone. <span style="font-style:italic;"><a href="http://nakedshorts.typepad.com/nakedshorts/2007/01/its_probably_th.html">Read more...</a></span>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com0tag:blogger.com,1999:blog-6396452328381213577.post-21349208328932693052007-01-23T10:03:00.000-05:002007-01-23T10:23:30.851-05:00News Roundup: January 23, 2007<span style="font-weight:bold;">BBC News:</span> <a href="http://news.bbc.co.uk/2/hi/europe/6290377.stm">Chechen Police Probed Over Murder Of Anna Politkovskaya</a><br /><span style="font-weight:bold;">Interfax:</span> <a href="http://www.interfax.ru/e/B/politics/28.html?menu=1&id_issue=11664249">Moscow Denies Politkovskaya Probe Theory Cited By U.S. Reporters</a><br /><span style="font-weight:bold;">Telegraph:</span> <a href="http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/01/23/nmissile123.xml">Russia Threatened By US Missile Defence Plan</a><br /><span style="font-weight:bold;">Jamestown Foundation - Eurasia Daily Monitor:</span> <a href="http://jamestown.org/edm/article.php?article_id=2371827">Kremlin Strategy Targets Western Energy Assets In Russia, Western Supply Sources In Third Countries</a><br /><span style="font-weight:bold;">Associated Press:</span> <a href="http://www.guardian.co.uk/worldlatest/story/0,,-6364739,00.html">Reports: Russia Fulfills Iran Missile Deal</a><br /><span style="font-weight:bold;">Radio Free Europe / Radio Liberty:</span> <a href="http://www.rferl.org/featuresarticle/2007/01/54A7591E-B724-4419-B962-2C49944B45E6.html">Moscow To Host Karabakh Talks</a><br /><span style="font-weight:bold;">International Herald Tribune:</span> <a href="http://www.iht.com/articles/ap/2007/01/23/europe/EU-GEN-Russia-Putin.php">Putin Says He, Russians Want Next President To Pursue Similar Policies</a>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com0tag:blogger.com,1999:blog-6396452328381213577.post-64890287653808359642007-01-22T21:04:00.000-05:002007-01-22T22:46:36.308-05:00Kremlin Pressed on Killings of Reporters<a href="http://www.themoscowtimes.com/stories/2007/01/23/002.html">The Moscow Times reports</a> that a high-level delegation from the New York-based <a href="http://en.wikipedia.org/wiki/Committee_to_Protect_Journalists">Committee to Protect Journalists</a> called on Monday for the Russian government to step up its efforts to solve a rash of killings that it says have made this country one of the world's most dangerous for journalists.<br /><br />On the eve of the delegation's arrival in Moscow, one journalist was murdered and another was severely beaten in the Far East. <br /><br />Russia has been rated one of the most dangerous countries in the world for journalists. The Committee to Protect Journalists ranks Russia third in the number of journalists killed on the job since 1992 with 44 journalists killed. The <a href="http://en.wikipedia.org/wiki/International_Federation_of_Journalists">International Federation of Journalists</a> maintains that more than 200 journalists have been killed in Russia since 1993. <span style="font-style:italic;"><a href="http://www.themoscowtimes.com/stories/2007/01/23/002.html">Read more...</a></span>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com0tag:blogger.com,1999:blog-6396452328381213577.post-40113425767516502382007-01-22T20:59:00.000-05:002007-01-22T22:46:59.217-05:00Russia Sends Back Envoy But Georgia Ties StrainedRussia's ambassador to Georgia is returning to his post on Tuesday, January 23 after a four-month absence. Moscow and Tbilisi, however, cautioned there was a long way to go before their turbulent relations were back on an even keel. <span style="font-style:italic;"><a href="http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2007-01-22T231631Z_01_L22841442_RTRIDST_0_GEORGIA-RUSSIA.XML&rpc=66&type=qcna">Reuters reports...</a></span>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com0tag:blogger.com,1999:blog-6396452328381213577.post-49453472351070558482007-01-22T20:45:00.000-05:002007-01-22T22:47:17.726-05:00Germany and Russia Should Seize OpportunityThe meeting between Russian President Vladimir Putin and German Chancellor Angela Merkel was a good start for EU-Russian relations this year, <a href="http://www.dw-world.de/dw/article/0,2144,2322949,00.html">says Deutsche Welle - WORLD's Ingo Mannteufel</a>.<br /><br />Russia and Germany are two natural partners in the dialogue over European energy security. Now, as Germany holds the presidency of the EU Council, may be the time to resolve the complicated energy relations for the future. Angela Merkel, finds herself on the pinnacle of her power, as other Western leaders like Jacques Chirac and Tony Blair descend from their prime. Vladimir Putin, on the other hand, has only a year and a half remaining in office, and a chance to create a powerful legacy of creating a reliable and functioning partnership with Europe which, despite of all rhetorics, remains Russia's only viable partner for the foreseeable future.<br /><span style="font-style:italic;"><a href="http://www.dw-world.de/dw/article/0,2144,2322949,00.html">Read more...</a></span>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com0tag:blogger.com,1999:blog-6396452328381213577.post-50824884473321303982006-12-19T11:08:00.000-05:002006-12-19T11:10:24.524-05:00FSB Catches 27 Foreign Spies In 2006<a href="http://en.rian.ru/russia/20061219/57239676.html">RIA Novosti reports</a> the Federal Security Service said Tuesday it has exposed 27 foreign intelligence officers and 89 Russian agents this year. "Of this number, one career intelligence officer and eight agents were caught red-handed," FSB Director Nikolai Patrushev said. "Twenty-one foreign nationals involved in intelligence operations were deported from Russia."<br /><span style="font-style:italic;"><a href="http://en.rian.ru/russia/20061219/57239676.html">Read more...</a></span>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com92tag:blogger.com,1999:blog-6396452328381213577.post-22748545593022819732006-12-19T10:44:00.000-05:002006-12-19T10:45:52.128-05:00The Putin Puzzle RevisitedPutin’s presidency is constitutionally mandated to end in 2008, when new elections will be held. But who is Putin’s Putin? He succeeded Boris Yeltsin by promising that, whatever purges he might carry out, Yeltsin and his family would be shielded. Yeltsin was old, ill and alcoholic, and Putin’s offer must have seemed one he couldn’t refuse. Putin is young and vigorous, and has no reason to put his fate in the hands of a successor or successors who wouldn’t be able to guarantee his lifelong immunity even if they wanted.<br /><a href="http://www.sptimes.ru/index.php?action_id=2&story_id=19801">Read more...</a>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com0tag:blogger.com,1999:blog-6396452328381213577.post-78053193873796670002006-12-19T10:30:00.000-05:002006-12-19T10:33:18.925-05:00Putin Succession Doubts Unsettle the KremlinSo far, Mr Putin is resisting all efforts to persuade him to amend the constitution and stay for a third term as president of Russia, but the pressures are mounting, <a href="http://www.ft.com/cms/s/915d595a-8f05-11db-a7b2-0000779e2340.html">The Financial Times report</a>. He has promised to remain closely involved - but Russia has never been run successfully with a division of power in the Kremlin. So the speculation remains.<br /><span style="font-style:italic;"><a href="http://www.ft.com/cms/s/915d595a-8f05-11db-a7b2-0000779e2340.html">Read more...</a></span>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com6tag:blogger.com,1999:blog-6396452328381213577.post-54623698209009380882006-12-19T10:03:00.000-05:002006-12-19T10:12:59.105-05:00Engels Would Gasp, and Locals Gripe, at a Golden Mile<a href="http://www.nytimes.com/2006/12/18/world/europe/18moscow.html">The New York Times published an article</a> yesterday portraying the growing gap between the have's and have-not's in today's sizzling housing market of Moscow flooded with oil money.<br />“Leave Us Alone” is the name of a movement started by the residents of Ostozhenka, once home to many artists and intellectuals, which is now known in the parlance of real estate agents and their wealthy clients as the Golden Mile. It was spurred by the latest luxury housing project, slated for the site of an apartment building in which some of them still live, at Khilkov Pereulok 3.<br /><span style="font-style:italic;"><a href="http://www.nytimes.com/2006/12/18/world/europe/18moscow.html">Read more...</a></span>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com21tag:blogger.com,1999:blog-6396452328381213577.post-90317093748484505382006-12-19T09:58:00.000-05:002006-12-19T10:01:10.879-05:00The Kremlin’s Shell GamePresident Vladimir Putin believes that a powerful, state-controlled energy sector is the key to Russia’s economic future, even if he has to strong-arm foreign investors to get it. But trampling property rights is risky. It is as likely to leave Russia an economic pariah as an energy superpower.<br /><span style="font-style:italic;"><a href="http://www.nytimes.com/2006/12/19/opinion/19tue1.html">Read more in today's New York Times editorial...</a></span>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com0tag:blogger.com,1999:blog-6396452328381213577.post-30405944520686377752006-12-19T09:46:00.000-05:002006-12-19T09:50:58.998-05:00Vladimir Putin: Turning Energy Into PowerIn 2006, Putin made use of high oil prices to bolster Russia's position in the world to the strongest it has been since the cold war ended more than 15 years ago. "He's using the advantage of high oil prices to make Russia count," says Margot Light, a Russia expert at the London School of Economics.<br /><span style="font-style:italic;"><a href="http://www.time.com/time/europe/magazine/article/0,13005,901061225-1570770,00.html">Read more...</a></span>The Caspian Portfoliohttp://www.blogger.com/profile/11045119107152703183noreply@blogger.com0