Commentaries

The $1.2 billion fraud alleged at Russia’s largest bank

January 22, 2010

Tucked away on page 4 of the Moscow Times today there is a remarkable article which made me wonder whether I wasn’t hallucinating.

Russia’s shocking corruption belies Medvedev’s tough rhetoric

November 20, 2009

Everyone knows that Russia is corrupt, but did you know just how corrupt? The short answer is: more than any other country. That, at least, is the conclusion of a survey just published by PricewaterhouseCoopers, which examines the level of economic crime around the world.

Death of lawyer raises new questions in Russian scandal

November 17, 2009

You might think that the scandal involving Hermitage Capital in Russia couldn’t get any more perturbing. If you have been following the case, you’ll be aware that the British investment fund, managed by American-born financier William Browder, has repeatedly accused Russian criminals and corrupt officials of stealing $230 million in funds from the Russian budget.

Russia’s long political calm is coming to an end

October 14, 2009

Something quite extraordinary is happening in Russia. Slowly but surely, the monolithic political system that has held together in Russia for most of the past decade is coming apart

A new twist in a Russian scandal

October 8, 2009

The Russian Interior Ministry is about to seek the arrest of William Browder, the chief executive of Hermitage Capital Management, for illegally evading taxes. That’s according to a front-page article in the Russian newspaper Kommersant, a leading political-economic daily.

Third person spells trouble in politicians

By Paul Taylor
October 8, 2009

nixonOUKTP-UK-ITALY-BERLUSCONIBeware of politicians who speak about themselves in the third person. It doesn’t necessarily mean they are paranoid. But it is usually an indicator of some kind of trouble.

West raises stakes over Iran nuclear programme

By Paul Taylor
September 25, 2009

big-3President Obama and the leaders of France and Britain have deliberately raised the stakes in the confrontation over Iran’s nuclear programme by dramatising the disclosure that it is building a second uranium enrichment plant. Their shoulder-to-shoulder statements of resolve, less than a week before Iran opens talks with six major powers in Geneva, raised more questions than they answer.

Why Russia needs America

September 21, 2009

In the wake of President Obama’s decision to scrap the U.S. missile defence shield in eastern Europe, many are pondering Russia’s response. The relationship will remain in the spotlight this week, when President Medvedev heads to the U.S. for the G20 summit. Although the precise nature of Russia’s reaction remains to be seen, it has a big incentive to improve relations. It badly needs American investment and co-operation to help solve serious economic problems at home.

Shelved missile shield tests NATO unity

By Paul Taylor
September 17, 2009

foghAfter just six weeks as NATO secretary-general, Anders Fogh Rasmussen has his first crisis. The alliance may be slowly bleeding in an intractable war in Afghanistan, but the immediate cause is the U.S. administration’s decision to shelve a planned missile shield due to have been built in Poland and the Czech Republic.

Obama playing a weak hand with Iran

By Paul Taylor
September 15, 2009

The announcement that the major powers, including the United States, are going to open talks with Iran on Oct. 1 ought to be a source of rejoicing. After all, isn’t this what much of the world has been urging for several years, while the European Union conducted a frustrating, low-key dialogue like the warm-up band at a rock concert?