One hundred billion dollars is a striking amount. It’s the size of economic effect on Ukraine caused by Russia as concluded by feted economist Anders Aslund. Presenting his findings at a press conference here in Kyiv at the Ukraine Crisis Media Centre on 7 June, Aslund was flanked by colleagues and other distinguished members of the Atlantic Council, including former US Ambassador to Ukraine John Herbst and legal specialist Alan Riley.
The calculation Aslund used relied on basic economic data linked to the GDP of areas of Ukraine currently occupied by Russia, the Crimean peninsula, and parts of the Donbas not presently under government control. In addition to calculating the overall effect of GDP losses, calculations were also made of the value of property which has been seized or forfeited as a result of Russia’s decision to use unprovoked military force against its neighbor.
At present, there is only room for discussion about a return to peace. There will however come a time, most likely after Putin, when discussions about reparations will take place. At least we now have a starting point for that future conversation.
Ukraine played with fire recently with good reason. When Ukraine’s security services believed they had credible information on a plot to assassinate Russian journalist Arkadiy Babchenko, they concluded that the only way to save his life was to implement an undercover operation and catch the plotters. The ensuing debate continues to be polarized, with some […]
The purpose of governance is to come closer to achieving political equilibrium and thereby guaranteeing an efficient and effective government. This means accepting a global approach of government power that embodies more dialogue, consensus, and taking into account multiple interests. In times of western political crisis, this integrated approach appears therefore to be a contemporary […]
Ukraine-watchers were head scratching again last week trying to find a balanced way to report on news that there had been a change of Finance Minister. Gone is Mr Danilyuk and in his stead – Oksana Markarova. While some of the hot takes decided this must be bad news, as Danilyuk is generally respected by […]
Just as we send What’s On to print, a story breaks that confirms in more detail Russian links to the Brexit vote back in June 2016. This of course should come as little shock to anyone. Russia not only has a history of meddling in the politics of other countries but benefits from it, as […]