Year: 2008

October 30, 2008

The Rise of Russia’s State Oligarchism

This one comes from Prof. Craig Pirrong on the Streetwise Professor: In Darkness at Dawn, David Satter claimed that Yeltsin’s young liberal economists were actually prisoners of their Soviet educations. They believed Marxist dogma about primitive ...
October 30, 2008

Svetlana Bakhmina’s Right to Mercy

Thanks to everyone who signed the petition to free Svetlana Bakhmina yesterday – it appears that the number of signatures is rapidly approaching 80,000. It would be great to 100,000, so please forward this one around. Today the columnist Ale...
October 30, 2008

Energy Blast – Oct 30, 2008

Russia’s oil majors are putting pressure on the case for tax cuts in the oil sector, warning of a possible drop in output next year. Sibir Energy’s London High Court ownership dispute with Roman Abramovich has come out in the billionaire’s favor. ...
October 30, 2008

Today in Russian Business – Oct 30, 2008

The financial crisis is making itself felt in job losses. The Kremlin is trying to limit the amount of foreign debt taken on by its oligarchs in an attempt to prevent Russian companies from ending up in foreign hands. United Company RusAl will rec...
October 30, 2008

RA’s Daily Russia News Blast – Oct 30, 2008

TODAY: Duma votes to station troops in Georgia’s breakaway regions; WWF report pessimistic on Russia’s environmental footprint; Khodorkovsky appeal rejected; judges abusing rights to close trials. Russia’s State Duma has unanimously voted to...
October 29, 2008

The Chinese Takeover of Russian Oil

The economic crisis and drop in oil prices has really brought forward some interesting and contrasting views on Russia – from those who think this regime and their ways of doing things are toast, to those who believe the Kremlin will come ou...
October 29, 2008

The Provocation of Western Weakness

It would be a lot easier to agree with some of John Bolton’s views on the U.S.-Russia relationship for the next president had he not said such foolish things in the past. Nevertheless, he makes a good point: A truly rational Russia policy ha...
October 29, 2008

Tools of Repossession

Yulia Latynina at the Moscow Times points out that the Kremlin’s preferred apparatus for stealing private property is changing: The market economy is remarkable, but not because it prevents people from making mistakes. People do make mistake...
October 29, 2008

Kremlin Extends Lifeline to Mikhail Fridman

The Wall Street Journal is reporting that the Kremlin’s oligarch rescue plan is being fully deployed with the first major bailout of an individual, as $2 billion was tossed to Mikhail Fridman to pay back a loan from Deutsche Bank AG, allowin...