Russia May Assist EU to Get Bigger IMF Say

Maria Lipman TV/Radio Broadcast November 7, 2011 Bloomberg Television's Countdown
Summary
Bolstered by the high price of oil, Moscow is likely to take the opportunity to contribute to Europe’s rescue fund in return for more influence on the International Monetary Fund.
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Speaking with Linzie Janis and Owen Thomas on Bloomberg Television's Countdown, the Carnegie Moscow Center’s Maria Lipman examined the possibility of Russia contributing to Europe's rescue fund in return for more influence on the International Monetary Fund (IMF). According to Lipman, the final details of the loan package may not be clear for a few weeks while the Kremlin attempts to use its new-found leverage to negotiate on a range of issues with the IMF, including gaining more representation.

When questioned on the Russian public’s response to this decision, Lipman elaborated on how the Kremlin is able to take such decisions without an active debate. This freedom is partially political, resulting from the absence of a viable opposition and the fact that the current government does not regard the public as a force to be reckoned with, but it is also the result of the steady high price of oil, which gives the Kremlin more ability to act unilaterally. However, some observers, including the IMF, are wondering what Moscow’s long-term economic strategy is, with overall growth expected to slow, Lipman concluded.
 

Source: http://carnegie.ru/2011/11/07/russia-may-assist-eu-to-get-bigger-imf-say/b18c

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70%

of oil consumed in the United States

is for the transportation sector.

20%

of Chechnya’s pre-1994 population

has fled to different parts of the world.

58%

of oil consumed in China

was from foreign sources in 2012.

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million cases pending

in India’s judicial system.

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in Cold War conflicts.

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billion in goods and services

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$100

billion in foreign investment and oil revenue

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increase in China’s GDP per capita

between 1972 and today.

$11

billion have been spent

to complete the Bushehr nuclear reactor in Iran.

2%

of Iran’s electricity needs

is all the Bushehr nuclear reactor provides.

82

new airports

are set to be built in China by 2015.

78

journalists

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16

million Russian citizens

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