• 2016 December 21

    Phantoms of Russian infrastructure-2016

    The outgoing year has seen certain economic stabilization in terms of oil prices and exchange rates of rouble. Nevertheless, there is a severe budget deficit and the state is striving to minimize its expenses including those for infrastructure projects. In general, the list of ‘phantom’ projects has not changed significantly while the progress is seen mostly in transition from talks to paperwork and agreements. In fact, some projects are showing a real progress.