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Saturday, 20 October 04:47 (GMT -05:00)

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U.S. Investigation of Offshore Capitals May Ruin Putin’s Regime, Aslund Says

The international expert community has been busy discussing the search of Russian offshore capitals by Americans. Anders Aslund assumes that this investigation may eventually put an end to Putin’s regime.






In his article for Project Syndicate, the Swedish economist claims that Putin’s power is weaker than it seems. Basically, his power is based on economic agreements he consolidated in the past. At this point, those agreements threaten Putin’s political career, Mr. Aslud says. 


At the same time, he says that Putin’s regime is in jeopardy since the local system lacks reliable rights to private property. Russian oligarchs are forced to keep their fortunes abroad, mostly in European jurisdictions. Yet, European governments are against Putin.
With the help of a group of loyal people, President Putin gradually created 3 circles of power – the governmental one, the one based on controlling state-owned corporations, and the one based on loyal businesses. The process started in the late 1990s when Putin was in charge of Russia’s Federal Security Service. During his first presidency in 2000-2004, Putin managed to consolidate the powers and lay the foundation of his future regime.
At first, he gained control over the Russian TV and political establishment. Later on, he spread his power over the parliament and the legal system. The next step was to take big corporations like Gazprom and Rosneft under control as well. The he captured the entire public sector and created big corporations with cheap public financing.
The third circle of power implied rich and powerful businessmen loyal to Putin. They are said to have been helping Putin hide his billions abroad. The whole point is, thanks to the absence of limitations, rich Russian businessmen can withdraw their profits to offshore tax havens. However, those tax havens are not as safe as they used to be, and Putin cannot control them the way he controls Russia.


For now, the USA and the UK are the two offshore destinations that are still anonymous. But that’s about to be changed according to the latest sanctions signed by the U.S. Congress and President Trump. The sanctions initiate a big-scale investigation to find Putin’s treasures hidden in London, New York and other Western cities. This makes Putin’s regime fragile, and Western politicians are likely going to benefit from that.


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OPEC Loses Grip on Global Energy Market

According to many international experts, the OPEC, which used to be in charge of the global energy market, now seems to be losing its control over it. The cartel is yet to fight for its place under the sun amid a new pricing-regulation reality.

Publication date: 29 July 11:16 AM

USA Will Dominate Global Oil Market, IEA Says

Over the next 5 years, the United States will dominate the global market of crude oil. Up to 80% of the global oil demand growth will be covered by American oil companies, Bloomberg reports with reference to the International Energy Agency.

Publication date: 19 April 07:11 AM

Global Trade War Will Push Gold Price to $1400/oz

According to Bloomberg and some other online sources, the global trade war started by Donald Trump will eventually increase the dollar value of gold. In particular, they say that the price of gold may reach the 5-year high in the near future.

Publication date: 04 April 01:21 AM

OPEC Is Ready To Ask American Shale Oil Companies Not To Boost Their Oil Production

According to the Energy Minister of the UAE, the OPEC is ready to start asking American shale oil producers to stop boosting their shale oil production. The statement was made during the International Petroleum Week (IP Week).

Publication date: 06 March 10:29 AM

Shale Oil Threatens with an Oil Market Crash to 2014 Levels

The two years' period of moderately high oil prices is about to be over, the International Energy Agency assumes. They say that the global supply is likely to exceed the global demand, which will push down oil prices, may be even to the levels of 2014.

Publication date: 05 March 03:50 AM

Alpari Signs Up Russian Sportscaster Vasili Utkin

lpari has always been known for partnering with celebrities. This time this major forex brand has teamed up with famous Russian sportscaster Vasili Utkin. The partnership agreement is valid until the end of 2018.

Publication date: 05 March 01:45 AM

Oil Prices Will Be Affected By Geopolitical Risks in 2018

The end of 2017 was clearly positive for oil-exporting nations. For example, Brent oil futures traded at 66,60 dollars per barrels on December 29th. Will the existing bullish trend persist in 2018? 

Publication date: 16 January 06:32 AM

Euro Exchange Rate Reaches Highest Level Since Late 2014

The common European currency keeps on growing driven by the news on the formation of a new German government. The price rally started in 2017. At the same time, experts are getting more and more optimistic about the prospects of the Eurozone and the European Union in general, Deutsche Welle reports.

Publication date: 16 January 01:49 AM

Experts Criticize OPEC+ Agreement for Unpredictable Outcomes

OPEC exporters may beat the target related to the OPEC+ agreement, which now seems to be a point of concern for international investors, The Wall Street Journal reports.

Publication date: 27 November 05:06 AM

Market Reaction to Zero Change in Fed’s Rate

Publication date: 23 September 03:30 AM