Vladimir Putin’s Russia is headed for “a much shallower recession than many analysts expected”, underlines the Bloombergdue to the growth of energy exports, which “has softened the impact of American and European sanctions”.
Specifically, “JPMorgan, Citigroup and other major banks are cutting their forecasts for production declines in Russia this year to just 3.5%.” It will be a “mild recession”, says the first. In the title, “Putin dodges the worst”.
Also on Bloomberg, with less committed coverage of the conflict, German Economy Minister Robert Habeck called on Canada to release the Nord Stream 1 turbine sent to the country for repair – and whose maintenance, due to Canadian sanctions against Russia, may lead to the closure of the pipeline.
“Sanctions must harm Russia more than hurt our economy“, he said. Canada insists that it will not publish.
“So now he’s coming,” emphasizes the German Suddeutsche on the meeting of G20 foreign ministers in the presence of Russian Sergei Lavrov (above), in Bali, Indonesia. “Give an aperitif” for the summit with Putin, which takes place in November, with the confirmed presence of the G7.
Write to the English state-owned website RTDmitry Trenin, who was once America’s leading intellectual in analyzes of Russia, says Moscow “has made a decisive break with the West and is ready to help shape a new world order.”
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