Daily Archives: March 5, 2014

The international crisis over
Russian troops are in effective control of many parts of the Ukrainian region of Crimea and the United States is threatening Russia with isolation if it doesn’t back down. In this week’s podcast, Gideon Rachman is joined by Neil Buckley, East Europe editor and chief US commentator Edward Luce to discuss how this dangerous situation is likely to develop.

Gideon Rachman

As diplomatic discussions with Russia get underway, the fate of Crimea looms large. An obvious question is whether the west could or should accept the de-facto annexation of Crimea by Russia. Beyond simple appeasement of Russia, the argument to do this would be that Crimea has long been an oddity in Ukraine. It was part of Russia, until it was gifted to Ukraine by Kruschev in the 1950s. It is the only bit of Ukraine that has a Russian-speaking majority. Why not just hand it over? Read more >>

  • Ivan Krastev in Foreign Affairs looks at why Putin threw caution to the wind: “to bring about a constitutional crisis that will remake Ukraine into a confederate state with a very weak centre”.
  • Neil Buckley critiques Putin’s classic performance as he broke his silence on Ukraine.
  • Money flows from power in China: the richest members of China’s parliament saw their average wealth increase more than four times over the past eight years, compared with an increase of under three times for the 1,000 wealthiest people identified in the country. Those who wanted to leave the country however, were less lucky – a group of wealthy Chinese are threatening to sue over Ottawa’s abrupt cancellation of its Immigrant Investor Scheme.
  • “Mandarinisation” is making people in Hong Kong indignant.
  • As the European Central Bank prepares to conduct stress tests and asset quality reviews of hundreds of banks across the eurozone, there is particular worry among some European regulators about Italy’s banks.

 Read more >>