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UkraineAlert

Jul 25, 2019

How Russians make and hide their dirty money abroad, and what can be done to stop it

By Oleh Havrylyshyn

Most readers will not be surprised by the message of Anders Åslund’s new book Russia’s Crony Capitalism—Russia has evolved into a kleptocracy based on a combination of state capitalism and market principles—but they may be shocked by the sheer scale of wealth concentration in the hands of the privileged few, in the tens and hundreds […]

Corruption
Financial Regulation

UkraineAlert

Jun 25, 2019

How the US got rich, and Ukraine can too

By Diane Francis

The United States invented many things, but anti-trust laws and competition policy was arguably the most profound. These laws establish fair rules for the marketplace, and are why the country became the richest and most powerful on the planet. Without these, the United States would look like Russia or Ukraine: An impoverished populace and a […]

Central Europe
Financial Regulation

UkraineAlert

Jun 4, 2019

How Kolomoisky does business in the United States

By Anders Åslund

The PrivatBank case shows that dirty money is not necessarily concentrated in the big cities and in real estate but can penetrate the real economy.

Corruption
Financial Regulation

UkraineAlert

May 8, 2019

Zelenskyy’s first big test

By Basil Kalymon

A key issue has emerged in the post-election drama in Ukraine. In a disturbing interview given by Andrij Bohdan, lawyer, confidant, and political advisor to President-elect Volodymyr Zelenskiy, he reveals that he continues to act as a lawyer for oligarch Ihor Kolomoiskiy with regard to the nationalization of PrivatBank. This assertion, if accepted by the […]

Corruption
Financial Regulation

New Atlanticist

May 8, 2019

Policing terror finance in an era of great competition

By Michael B. Greenwald

The United States' sanctions strategy is increasingly burdened by the involvement of systemically important financial institutions and sovereign investors in global financial statecraft.

China
Economic Sanctions

New Atlanticist

May 7, 2019

Putin’s ability to stash money in US banks and real estate is a ‘strategic danger,’ warns US Sen. Whitehouse

By David A. Wemer

The senator lamented the fact that the United States is “now number two in terms of the nations that support secret financing and funding and allow for the hiding of assets behind shell corporations."

Corruption
Financial Regulation

UkraineAlert

May 6, 2019

The illusions of Putin’s Russia

By Anders Åslund

The best defense of the West against Putin’s authoritarian and kleptocratic regime is transparency, shining light on this anonymous wealth.

Corruption
Financial Regulation

EconoGraphics

Apr 29, 2019

Central Bank Independence Under Scrutiny

By Ole Moehr | Graphics by Shiqing Hua and Francis Aubee

On April 26, following stronger than expected US economic growth numbers, the White House’s National Economic Council director, Larry Kudlow, urged the Federal Reserve (Fed) to cut interest rates by 50 basis points.

Economy & Business
Financial Regulation

UkraineAlert

Apr 26, 2019

What is wrong with the Ukrainian economy?

By Anders Åslund

Construction is booming in Kyiv, Ukraine, but not the rest of the economy. A major reason is that Ukrainians with some extra savings do not put their money into banks but buy additional apartments instead. Others keep their savings in cash. On average, Ukrainian MPs keep $700,000 at home. Those who have a lot of […]

Financial Regulation
Fiscal and Structural Reform

UkraineAlert

Apr 25, 2019

10 ways the west should engage with Ukraine after 2019 elections

By Chatham House

Five years after the annexation of Crimea and the instigation of conflict in the Donbas, the reasons for continued sanctions on Russia have not gone away. Crimea is still occupied. War grinds on in the Donbas. Ukraine held presidential elections this spring and will hold parliamentary elections in the fall. Whatever the results, events in […]

Defense Policy
Disinformation

Experts