And demand for rail shipment is projected to nearly

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Unformatted text preview: ability is predicated on a growing economy, and the economy is currently growing at a healthy (if not overwhelming) clip. This is not to say that Russia’s economy will grow forever or that it won’t be adversely impacted by the increasingly chaotic and dangerous crisis in the Eurozone, it’s simply to say that, at the moment, the system is not being forced to deal with a shrinking economic pie. The current pace of growth seems sufficient to preserve the broad continuity of the current political arrangement. This will not always be the case, but if I were forced to wager I would say that the Kremlin will muddle through for at least another few years. 9|Page Russian Oil DA BDL Uniqueness – Russian Economy High [____] [____] Russia’s currency is strong now Business Week, 2012 (June 1, Moscow-based investment bank Renaissance Capital last week warned of the upcoming depreciation of the ruble, but noted that the Russian currency so far looked better than many other currencies from emerging economies which were also battered by an uncertain outlook for the eurozone. [____] Russian economic growth is strong Associated Press, 2011 (February 22, Russia's finance minister says the country's economy grew more than expected over the past year and that the government is undertaking initiatives to accelerate growth further . Alexei Kudrin says the economy grew 4 percent in 2010, better than the anticipated 3.8 percent. Speaking at the Russia Forum, a gathering of business leaders often described as the Russian equivalent of the World Economic Forum in Davos, Kudrin said Tuesday that growth could have been higher if Russia had not suffered severe heat and drought last year that affected food prices and grain exports. He says Russia is aiming for annual growth of 7 to 8 percent in the next few years and aims to reach that goal by reducing government ownership in key sectors and by slashing bureaucracy. 10 | P a g e Russian Oil DA BDL Link – Generic Infrastructure Investment [____] A modernization of our transportation infrastructure would dramatically decrease US oil demand John Podesta et al, President and CEO of the Center for American Progress, 2011 (Carl Pope, Chairman of Sierra Club, Gene Carpinski, President of the League of Conservation Voters, March 2011, “Cleaner Cars, Less Foreign Oil,” Millions of Americans are locked into using their cars because of limited transportation choices. Their communities lack affordable, convenient buses; subways; or other means of transit. Some communities lack safe biking and walking areas. Workers must spend hours in congested driving nightmares. People must drive a car to get a gallon of milk where housing is separated from services and amenities. Seniors face the loss of their freedom when they are no longer able to drive a car. Busine...
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This document was uploaded on 02/06/2014.

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