Vladimir Putin’s Russia is heading for “a much shallower recession than many analysts expected”, Bloomberg points out, due to growing energy exports, which “mitigated the impact of US and European sanctions”.
Specifically, “JPMorgan, Citigroup and other big banks are reducing their forecasts of falling production 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 engaged coverage of the conflict, the German economy minister, the green Robert Habeck, appealed to Canada to release the Nord Stream 1 turbine sent for repairs in the country – and whose retention, due to Canadian sanctions on Russia, can lead to the closure of the pipeline.
“Sanctions should hurt Russia more than they hurt our economy,” he said. Canada replied that it will not release.
“So now he’s coming”, highlights the German Süddeutsche about the meeting of the G20 chancellors with the presence of the 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.
Writing on the English-language website of state-owned RT, Dmitri Trenin, who was once the leading US intellectual for analysis of Russia, states that “Russia has made a decisive break with the West and is ready to help shape a new world order. “.
