Ukraine tense over Russian gas supply

To compound already-bursting tensions between Ukraine and Russia, the Russian oil and gas company Gazprom has raised prices to the country by 37% by cancelling a discount and even threatening to cut supplies entirely. This, according to a statement delivered by Ukrainian Energy Minister Yuri Prodan, means that Ukraine will be forced to pay $368.50…

Iran Condemns Afghan Opium Trade

Iran’s Anti-Narcotics Headquarters for International Relations has issued a statement condemning the traffic of heroin through Iranian territory. Deputy General Mahmoud Bayat took advantage of a meeting with Sweden’s Foreign Ministry to underline Iranian discontent with the increasingly voluminous quantity of heroin trafficked both into Iranian drug markets and through Iran destined for markets in…

Financial Sector Corruption in Russia

Allegations of widespread corruption in Russia are not a new phenomenon. However, as Sergey Guriev, a leading Russian economist and former Rector of the New Economic School of Moscow, pointed out in a speech delivered at Columbia University this past Friday, the problems facing the Russian, while endemic and deeply ingrained, can be ascribed to…