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Russia

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Naftogaz $4 billion dollars in debt

By J. Wesley ⋅ March 16, 2009 ⋅ Post a comment

Ukraine’s state-run energy corporation, Naftogaz, is four billion dollars in the red. This in a country whose entire national budget is something like ten billion. $3.5B of this money is due by the end of the year — a challenging prospect at this point.
Speaking of gas and energy, here’s an analysis from Harvard [...]

Two truths and a lie from Putin

By J. Wesley ⋅ March 11, 2009 ⋅ Post a comment

Remember the old party game where you would say two true things about yourself and one lie? Friends would then try to guess which was which? Meeting with United Russia, Putin just played the same game with the economic crisis. Can you spot the lie?
1. The economic crisis will continue for a long time.
2. [...]

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