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Norilsk Expects Metals Prices to Fall

Bloomberg

... amortization may slump 25 percent this year to $4.4 billion, Deutsche Bank estimated on Jan. 5. Prices aren't "critically" low for Norilsk, chief executive Vladimir Strzhalkovsky said on Rossia 24 state television Thursday. "Rational conservatism is always better than immoderate optimism and fantasy-building." The company expects a "slight" reduction in output in Russia this year, Strzhalkovsky said. Norilsk's nickel and copper output have fallen as its mines age, while...

Siluanov Warns Against Excess

By Howard Amos / The Moscow Times

... said on its web site. Total budget revenue was 11.35 trillion rubles. When Siluanov was elevated to the top job in the Finance Ministry last year, some experts suggested that his appointment would initiate a step back from the highly regarded fiscal conservatism of his predecessor.   Kudrin, who spoke at an opposition rally on Dec. 24, said Thursday that despite growing expenditures there is little long-term economic planning by the Russian government. “Outside the three year time frame we...

A More Realistic Vision of Russia's Greatness

By Philip Boobbyer

... still a very hierarchical country. Yet, for all the authoritarianism of the country's history, it is important to remember that there are other traditions to build upon. Rhetorically, Putin and Medvedev have generally endorsed a form of "liberal conservatism" that combines a belief in a strong state with a more liberal agenda. And there is a healthy Russian intellectual tradition in this area, represented by such thinkers as Boris Chicherin and Peter Struve. Yet, in practice, the conservative...

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