Natasha Doff News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Russia Vulnerable to Climate Change, Causing Expensive Natural Disasters By Olga Tanas and Dina Khrennikova | April 14, 2021 The residents of Irkutsk, one of Russia’s coldest regions, are used to harsh winters. But when the temperature dropped to negative 60 degrees Celsius (-76 Fahrenheit) last January, even they had to submit to the elements. “Please stay at home unless absolutely necessary,” Governor Igor Kobzev pleaded on Instagram. With the cold came the heaviest snowfall in 25 years. It blanketed Siberia, the Far East and central Russia. When te...

Russia’s carbon-dependent economy challenges a clean energy shift By Marc Champion and Natasha Doff on 3/15/2021 Drilling the Sakhalin field LONDON (Bloomberg) --As the man in charge of developing Russia’s vast Arctic north, Aleksey Chekunkov faces more climate-related challenges than most, from permafrost sink holes to the emergence of West Nile fever in frozen tundra. Yet he’s no eco-warrior when it comes to fossil fuels. “We have to be realistic, we are the largest country in the world,” the minister for development of the Arctic and...

Higher oil revenue gives Putin room to challenge Russian discontent By Natasha Doff and Anya Andrianova on 2/19/2021 Vladimir Putin (Bloomberg) --Rising oil prices and a weak ruble could provide the Kremlin with as much as $33 billion in extra cash for social spending this year, giving Vladimir Putin the financial wherewithal to help head off growing public discontent. Thanks to a 21% price surge this year, Russia now receives more rubles per barrel of Brent crude than any time since mid-2019. If oil remains high, the windfall would be enough to allow the budge...

Bank of Russia Governor Elvira Nabiullina confirmed what the market has been thinking this year: The brooches she’s worn after key rate meetings are clues to understand policy decisions. The first signal was in March, when she wore a brooch in the form of a Nevalyashka doll, a traditional Russian toy that pops back up when pushed over, as policy makers sought to shore up the economy against the Covid-19 pandemic. In May, she displayed a small white house on her jacket as the government urged people to stay at home. And in June, she choose a pigeon — the word in Russian also means dove —...