Latest Articles about Economics

Yevtushenkov’s Arrest: A Stern Warning to All the Wealthy and Powerful

The Russian business community was shocked by the arrest this week (September 16) of one of Russia’s richest industrialists—billionaire-tycoon Vladimir Yevtushenkov (65), accused of money laundering. In 2009, Yevtushenkov acquired Bashneft, a major oil and petrochemical company. Prosecutors allege Bashneft was illegally privatized by Ural... MORE

Ukrainian Economy in Dire Straits, Being Destroyed by War

If turmoil in Donbas, Ukraine’s industrial heartland comprising the provinces of Donetsk and Luhansk, continues, next year will be the third year without economic growth for the country. This is especially detrimental for an emerging economy that has not yet overcome the devastating effects of... MORE

Ukraine May Harm Itself by Slapping Sanctions on Russia

On September 10, Ukrainian President Petro Poroshenko signed into law a bill on sanctions against Russia (president.gov.ua, September 10). The law was published in official newspapers on September 11, which gave Poroshenko legal grounds to, as soon as September 12, slap sanctions on Russia for... MORE

Belarus and the ‘End of Peace’ in Europe

On July 31, the international Contact Group, which aims to resolve the crisis in Ukraine (see EDM, July 18), met in Zaslavl, Belarus. It was attended by former Ukrainian president Leonid Kuchma, Russia’s ambassador to Ukraine Mikhail Zurabov, some representative of the self-proclaimed Donetsk People’s... MORE

Putin Picks the Worst of All Bad Choices

With the arrival of August, political expectations in Russia, informed by the long experience of setbacks and disasters, are turning negative. Second thoughts about the “victorious” war with Georgia that erupted six years ago blend with reflections on the centennial anniversary of World War I... MORE