Tag "Russia"
Four Countries that beat the resource curse
Four countries that have successfully navigated the potential pitfalls of natural resource wealth provide examples of how best to avoid falling victim to the “paradox of plenty.” A quick look
Transnistria is another fracture in Ukraine crisis
As the European Union and United States negotiate with Russia over the situation in Ukraine, another disputed territory is attracting international attention. With the tension escalating in eastern Ukraine and Moldova
Hungary’s ‘Orbanomics’ mean instability for foreign firms
Foreign investors and businesses will remain under pressure for another four years as Hungary’s right-wing party, Fidesz, secures a legislative supermajority for a second-term. In the past term (2010-2014), Hungarian
EU takes steps toward energy independence from Russia
With recent events in Ukraine strongly affecting security relations between the West and Russia, both Brussels and Moscow are increasing efforts to reduce their mutual energy-financial dependency. European energy dependency
FATCA a big leap in tax enforcement
The US pushes to strengthen tax enforcement with an act set to come into force this July. The benefits are clear, but it remains to be seen how the costs of the
Ukraine crisis makes Russia look east
After Western leaders talked last week about penalizing Russia further, President Vladimir Putin asked for a diplomatic resolution on the Ukraine crisis. Yet, a Russian move towards ‘Eastern allies’ is still on the table.
Vietnam’s naval modernization could destabilize region
Vietnam’s recent military and naval modernization potentially puts it on a collision course with China. Aside from further destabilizing regional security, such tensions could scare off Chinese investors, a disastrous development
Finland’s economy suffers from effects of the Ukraine crisis
The situation in Ukraine is creating a dangerous standoff between Russia and the West, and Finland’s economy and security are suffering as a result. With a 1,300-km long border separating
Taking Crimea may throw Russia into recession
Russian leaders may celebrate annexing Crimea, but it will cost the Russian economy. Already weak, this latest move threatens to send the country into recession. Following the successful referendum on Crimean independence and
Lack of energy sector reform holds back Russian economy
Russia remains a leading worldwide energy exporter, but its energy sector remains a laggard in desperate need of modernization. Governmental corruption and a restricted domestic market both stand in the
