RUSSIA
Making the Most
Moscow is simultaneously leveraging its pivotal role in foreign affairs in Syria and elsewhere to fight back against Ukraine-related sanctions and making the most of those penalties to lure back money its citizens have squirreled away overseas.
President Vladimir Putin on Monday told lawmakers a new capital amnesty program should be adopted to lure back an estimated $1 trillion stashed overseas, saying greater restrictions related to European and US sanctions “should stimulate the return of capital to Russia,” Bloomberg reported.
Meanwhile, Russian Foreign Minister Sergey Lavrov on Tuesdaydenounced “Washington’s aggressive rhetoric” with regard to North Korea during a phone call with US Secretary of State Rex Tillerson, the Hill reported. Tillerson and Lavrov discussed how to move forward in Syria and Ukraine amid an offer from Russia to mediate between the US and North Korea – indicating that Moscow may link these issues to gain leverage.
Bloomberg argues that the latest round of US sanctions on Russia’s oligarchs is causing more worry than previous moves.
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