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181. Russia—Debt Rollover

Author:
Oxford Analytica
Publication Date:
08-1999
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
On July 28, the IMF's Board of Directors announced their approval of a 4.5 billion dollar loan to Russia. Rather than representing a breakthrough deal, the agreement is merely the latest chapter in the cycle of non–compliance and renegotiation that has characterised the Fund's relationship with Moscow. With presidential and parliamentary polls scheduled during the next twelve months, electoral pressures will almost certainly prevent the latest macroeconomic programme being implemented. Moreover, unless the root cause of Russia's economic problems—its dire GDP growth rate—is rectified, a further round of comprehensive renegotiations will be required.
Topic:
Debt, Economics, Government, International Trade and Finance, Political Economy, and Politics
Political Geography:
Russia and Moscow

182. Russia and the World: A New Deal

Author:
Alexei Arbatov and Dag Hartelius
Publication Date:
05-1999
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
Ten years after the end of the Cold War, Russian leaders still have to recognize not only the irreplaceable importance of the Western countries and Japan as partners, but also the rapidly growing relative importance of the European Union, since the special relationship with the U.S., based on strategic deterrence, is becoming less relevant. The development of relations with the EU should now be at the top of the Russian agenda. This presents the EU with a certain challenge but is also an enormous opportunity for developing enlarged markets and advancing improved security. At the same time, the U.S. will remain a key partner for Russia in international affairs and in the handling of harmful Soviet legacies, such as disposing of nuclear and chemical wastes. Also, Russia will have to move towards deeper regional economic integration in East Asia instead of approaching the problems in this region from a traditional security perspective.
Political Geography:
Russia, Europe, Asia, Soviet Union, and Moscow

183. Preconditions For NATO Enlargement

Author:
Bjørn Moller
Publication Date:
04-1997
Content Type:
Working Paper
Institution:
Danish Institute for International Studies
Abstract:
The author argues that NATO membership is worth much less than assumed by the potential new members, hence that it should also cost less than demanded by NATO. Even though an enlargement of NATO is thus not particularly desirable, it is probably going to happen rather soon. Unless accompanied by various measures to ensure Russia of NATO's peaceful intentions, however, this enlargement will be viewed as a hostile move by Moscow, especially by the 'Eurasian' groupings. Eventually, Russia may take reciprocal steps that would negate whatever immediate security gains could be achieved through NATO membership. It is thus in the best interest of both present and future members of NATO to 'sweeten the pill' by taking Russian security concerns into account. A number of suggestions are made to this effect.
Topic:
Security and NATO
Political Geography:
Russia, Europe, Asia, and Moscow