Its easy to feel sorry for a country crippled by war and corruption but dismissing past debts is not the way to help, say Alexander Lebedev and Vladislav Inozemtsev
Radical steps must be taken to halt the renaissance of corruption, the most dangerous growth industry of our time
Global Outlook: The illegal privatisation of formerly democratic institutions is so dangerous
March 24 (Bloomberg) -- Alexander Lebedev, owner of Evening Standard, examines the effectiveness of sanctions against Russia by the U.S. and Europe and offers his assessment of the crisis in Ukraine and who may be able to best help Ukraine financially on Bloomberg Televisions Countdown.
As Kiev prepares for the last act of Euro 2012 tomorrow night's final between Italy and Spain the country is reflecting on a tournament that went a lot better than many expected in terms of organisation and fan experience. But attention is now turning to corruption allegations surrounding President Viktor Yanukovych and his government.
As an investor, Ive seen the best and worst of the Euro 2012 host, but I wont give up on it. The European Championship is usually a chance to show the world your best side and bask in sympathetic international media attention. Not so Ukraine. The pre-publicity has already fixed it in the public mind as a place of corrupt politicians, absurd prices, violent policemen and racist football gangs.
Sir, It was interesting to read your report about two International Monetary Fund economists comparing wine prices with crude oil prices as an investment (Fine wine investors receive a crude awakening over risk, January 11). To some extent I wish I had bought at least several dozens of cellars of wine (1850-1975) rather than investing $350m in the Ukraine economy.
Russian businessman Alexander Lebedev has complained to Ukrainian President Viktor Yanukovych about the government of the Autonomous Republic of Crimea headed by Vasyl Dzharty, which, according to Lebedev, supports his expulsion from the region, in which he has invested over $200 million in facilities.
Nine months after its change of government led Ukraine toward closer ties with Moscow, a large question looms over the first set-piece meeting here on Monday between President Viktor F. Yanukovich and European Union leaders.