Latest Articles about Europe's East

Ukraine Risks Losing IMF Support

Ukrainian Prime Minister, Mykola Azarov, looks set to sacrifice the economy for electoral considerations. Azarov is reluctant to meet the key conditions set by the International Monetary Fund (IMF) to qualify for the continuation of its $15 billion assistance program: domestic gas price hikes and... MORE

Belarus Devalues Currency amid Growing Isolation

Belarusian President, Alyaksandr Lukashenka, is a man under pressure. Assailed by Western powers for his harsh treatment of former presidential candidates and protestors, he also faces mounting economic problems that have led to the devaluation of the national currency. At the same time, high rates... MORE

German Initiatives Favor Russia On Transnistria Talks

(Part Two) In the context of Russo-German special relations, the German government proposes to restart international negotiations on the Transnistria conflict from a modified basis, one largely favorable to Russian interests. On this issue, Germany’s Ministry of Foreign Affairs implements a policy that originates in... MORE

Uncertain Future For Ukrainian Prime Minister Mykola Azarov

On June 1, Ukrainian President Viktor Yanukovych fired the deputy prime minister in charge of utilities and construction, Viktor Tikhonov, and his deputy, Yury Khyvrych. The two were dismissed not for the government’s failure to reform the utility sector, which would have been more logical,... MORE

Ukraine Drifting Away From Customs Union With Russia

Ukraine has sent Russia a clear signal that it is unconvinced it would benefit from membership in the Russian-dominated customs union more than from free trade with the European Union. The Ukrainian parliament instructed the government to prioritize the association and free trade talks with... MORE

Integrating Belarus: Problems and Prospects

On May 5, the National Bank of Belarus, responding to pressure to devalue the Belarusian ruble, stipulated that by May 12, the exchange course with hard currency (the US dollar, the Euro and the Russian ruble) could increase from its current 8 percent depreciation rate... MORE