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…

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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…