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Andrey Illarionov
Andrey Nikolayevich Illarionov (russian: Андре́й Никола́евич Илларио́нов, born 16 September 1961) is a Russian economist and former senior policy advisor to Vladimir Putin, the President of Russia, from April 2000 to December 2005. Since April 2021, he is a senior fellow at the far-right non-governmental organization Center for Security Policy, which is based out of Washington, D.C. in the United States. Since leaving his role in the government of the Russian Federation, he's become a critic of Putin's administration and particularly its stance on foreign relations (as well as doctrines on energy). For example, in April 2022, Illarionov declared in a news interview that change in the Kremlin would happen "sooner or later" given that "it is absolutely impossible to have any positive future for Russia with the current political regime." Life and career Andrey Illarionov was born on 16 September 1961, in Sestroretsk, a municipal town of Saint Pete ...
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Libertarian Economics
Economic liberalism is a political and economic ideology that supports a market economy based on individualism and private property in the means of production. Adam Smith is considered one of the primary initial writers on economic liberalism, and his writing is generally regarded as representing the economic expression of 19th-century liberalism up until the Great Depression and rise of Keynesianism in the 20th century. Historically, economic liberalism arose in response to feudalism and mercantilism. Economic liberalism is associated with markets and private ownership of capital assets. Economic liberals tend to oppose government intervention and protectionism in the market economy when it inhibits free trade and competition, but tend to support government intervention where it protects property rights, opens new markets or funds market growth, and resolves market failures. An economy that is managed according to these precepts may be described as a liberal economy or o ...
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Saint Petersburg State University
Saint Petersburg State University (SPBU; russian: Санкт-Петербургский государственный университет) is a public research university in Saint Petersburg, Russia. Founded in 1724 by a decree of Peter the Great, the university from the beginning has had a focus on fundamental research in science, engineering and humanities. During the Soviet period, it was known as Leningrad State University (russian: Ленинградский государственный университет). It was renamed after Andrei Zhdanov in 1948 and was officially called "Leningrad State University, named after A. A. Zhdanov and decorated with the Order of Lenin and the Order of the Red Banner of Labour." Zhdanov's was removed in 1989 and Leningrad in the name was officially replaced with Saint Petersburg in 1992. It is made up of 24 specialized faculties (departments) and institutes, the Academic Gymnasium, the Medical College, the College of Physical Cult ...
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Sherpa (emissary)
A sherpa is the personal representative of a head of state or head of government who prepares an international summit, such as the annual G7 and G20 summits. Between the G7 summits there are multiple sherpa conferences where possible agreements are laid out. This reduces the amount of time and resources required at the negotiations of the heads of state at the final summit. The name sherpa—without further context—refers to sherpas for the G7 summit, but the designation can be extended to different regular conferences where the participation of the head of state is required. The sherpa is generally quite influential, although they do not have the authority to make a final decision about any given agreement. The name is derived from the Sherpa people, a Nepalese ethnic group, who serve as guides and porters in the Himalayas, a reference to the fact that the sherpa clears the way for a head of state at a major summit. European Union In the European Union, the name was originall ...
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Time (magazine)
''Time'' (stylized in all caps) is an American news magazine based in New York City. For nearly a century, it was published weekly, but starting in March 2020 it transitioned to every other week. It was first published in New York City on March 3, 1923, and for many years it was run by its influential co-founder, Henry Luce. A European edition (''Time Europe'', formerly known as ''Time Atlantic'') is published in London and also covers the Middle East, Africa, and, since 2003, Latin America. An Asian edition (''Time Asia'') is based in Hong Kong. The South Pacific edition, which covers Australia, New Zealand, and the Pacific Islands, is based in Sydney. Since 2018, ''Time'' has been published by Time USA, LLC, owned by Marc Benioff, who acquired it from Meredith Corporation. History ''Time'' has been based in New York City since its first issue published on March 3, 1923, by Briton Hadden and Henry Luce. It was the first weekly news magazine in the United States. The two had ...
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1998 Russian Financial Crisis
The Russian financial crisis (also called the ruble crisis or the Russian flu) began in Russia on 17 August 1998. It resulted in the Russian government and the Russian Central Bank devaluing the ruble and defaulting on its debt. The crisis had severe impacts on the economies of many neighboring countries. Background and course of events The Russian economy had set up a path for improvement after the Soviet Union had split into different countries. Russia was supposed to provide assistance to the former Soviet states and, as a result, imported heavily from them. In Russia, foreign loans financed domestic investments. When it was unable to pay back those foreign borrowings, the ruble devalued. In mid-1997 Russia had finally found a way out of inflation. The economic supervisors were happy about inflation coming to a standstill. Then the crisis hit and supervisors had to implement a new policy. Both Russia and the countries that exported to it experienced fiscal deficits. The c ...
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Ruble
The ruble (American English) or rouble (Commonwealth English) (; rus, рубль, p=rublʲ) is the currency unit of Belarus and Russia. Historically, it was the currency of the Russian Empire and of the Soviet Union. , currencies named ''ruble'' in circulation include the Belarusian ruble (BYN, Rbl) in Belarus and the Russian ruble (RUB, ₽) in Russia. Additionally, the Transnistrian ruble is used in Transnistria, an unrecognized breakaway province of Moldova. These currencies are subdivided into one hundred kopeks. No kopek is currently formally subdivided, although ''denga'' (½ kopek) and ''polushka'' (½ denga, thus ¼ kopek) were minted until the 19th century. Historically, the grivna, ruble and denga were used in Russia as measurements of weight. In 1704, as a result of monetary reforms by Peter the Great, the ruble became the first decimal currency. The silver ruble was used until 1897 and the gold ruble was used until 1917. The Soviet ruble officially replaced t ...
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Devaluation
In macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket. The opposite of devaluation, a change in the exchange rate making the domestic currency more expensive, is called a '' revaluation''. A monetary authority (e.g., a central bank) maintains a fixed value of its currency by being ready to buy or sell foreign currency with the domestic currency at a stated rate; a devaluation is an indication that the monetary authority will buy and sell foreign currency at a lower rate. However, under a floating exchange rate system (in which exchange rates are determined by market forces acting on the foreign exchange market, and not by government or central bank policy actions), a decrease in a currency's value relative to other major curr ...
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Institute For Economic Analysis
An institute is an organisational body created for a certain purpose. They are often research organisations (research institutes) created to do research on specific topics, or can also be a professional body. In some countries, institutes can be part of a university or other institutions of higher education, either as a group of departments or an autonomous educational institution without a traditional university status such as a "university institute" (see Institute of Technology). In some countries, such as South Korea and India, private schools are sometimes referred to as institutes, and in Spain, secondary schools are referred to as institutes. Historically, in some countries institutes were educational units imparting vocational training and often incorporating libraries, also known as mechanics' institutes. The word "institute" comes from a Latin word ''institutum'' meaning "facility" or "habit"; from ''instituere'' meaning "build", "create", "raise" or "educate". ...
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Moscow
Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million residents within the city limits, over 17 million residents in the urban area, and over 21.5 million residents in the metropolitan area. The city covers an area of , while the urban area covers , and the metropolitan area covers over . Moscow is among the world's largest cities; being the most populous city entirely in Europe, the largest urban and metropolitan area in Europe, and the largest city by land area on the European continent. First documented in 1147, Moscow grew to become a prosperous and powerful city that served as the capital of the Grand Duchy that bears its name. When the Grand Duchy of Moscow evolved into the Tsardom of Russia, Moscow remained the political and economic center for most of the Tsardom's history. Whe ...
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Leontyev International Social And Economic Research Centre
Leontyev, Leontief, Leontiev, Leontjew, Leontjev, or Leont'ev (russian: Леонтьев) and Leontyeva (Леонтьева; feminine) is a Russian surname. Notable people with the surname include: * Alexei Leontyev (1917–?), Soviet mathematician * Alexei Leontyev (1716–1786), one of the first Russian sinologists * Aleksei N. Leontiev (1903–1979), Soviet psychologist, the founder of activity theory * Aleksei A. Leontiev (1936–2004), Soviet psychologist and linguist, one of the founders of the Soviet psycholinguistics, the son of Aleksei N. Leontiev * Konstantin Leontiev (1831–1891), Russian philosopher * Lev Leontiev (1901–?), Soviet economist * Mikhail Leontiev (born 1958), Russian reporter working for Channel One * Oleg Leontyev (1920–?), Soviet geomorphologist * Sergei Leontiev (1879 or 1880 – after 1932), Russian politician * Valentina Leontieva (1923–2007), Soviet TV anchor * Valery Leontiev (born 1949), Russian pop singer * Viktor Leontyev (born 1940) ...
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Viktor Chernomyrdin
Viktor Stepanovich Chernomyrdin (russian: Ви́ктор Степа́нович Черномы́рдин, ; 9 April 19383 November 2010) was a Soviet and Russian politician and businessman. He was the Minister of Gas Industry of the Soviet Union (13 February 1985 – 17 July 1989), after which he became first chairman of Gazprom energy company and the second-longest-serving Prime Minister of Russia (1992–1998) based on consecutive years. He was a key figure in Russian politics in the 1990s and a participant in the transition from a planned to a market economy. From 2001 to 2009, he was Russia's ambassador to Ukraine. After that, he was designated as a presidential adviser. Chernomyrdin was known in Russia and Russian-speaking countries for his language style, which contained numerous malapropisms and syntactic errors. Many of his sayings became aphorisms and idioms in the Russian language, one example being the expression "We wanted the best, but it turned out like always. ...
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Russia
Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eighth of Earth's inhabitable landmass. Russia extends across eleven time zones and shares land boundaries with fourteen countries, more than any other country but China. It is the world's ninth-most populous country and Europe's most populous country, with a population of 146 million people. The country's capital and largest city is Moscow, the largest city entirely within Europe. Saint Petersburg is Russia's cultural centre and second-largest city. Other major urban areas include Novosibirsk, Yekaterinburg, Nizhny Novgorod, and Kazan. The East Slavs emerged as a recognisable group in Europe between the 3rd and 8th centuries CE. Kievan Rus' arose as a state in the 9th century, and in 988, it adopted Orthodox Christianity from t ...
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