Carnegie Moscow Center
July marks the one-year anniversary of the U.S.–Russia Bilateral Presidential Commission, launched by Presidents Obama and Medvedev in their July 2009 summit meeting with the goal of advancing bilateral cooperation on a wide range of issues, including business development and economic relations.
The euro crisis is driven primarily by two elements – problematic sovereign debt in Greece, Ireland, Italy, Portugal, and Spain, and fragile European banks. While ballooning public debt may be the clearest manifestation of the euro crisis, its roots go much deeper.
European and Russian experts discuss the key issues affecting Russia-Europe relations.
Russia not only has some of the world’s largest energy reserves, but also impressive potential for making its economy more energy efficient and competitive. Ending wasteful use of energy resources would bring Russia financial benefits and decrease carbon dioxide emissions.
To counter the steep economic downturn in 2009, Russia enacted a stimulus package equivalent to almost 7 percent of GDP. The Kremlin's response was effective and its consequences lead Russia's relatively quick recovery.
Georgia’s nearly decade-long reforms and central geographical location between Europe and Asia make the country a valuable business and strategic partner for the West.