Articles by Ryan Culpepper

Ukraine: Nothing at Stake, Everything at Stake

In Moscow this week Ukrainian President Viktor Yanukovich accepted Russia’s offer of a $15-billion bailout loan in addition to reduced gas prices, the combination of which (if managed smartly—not inevitable given Yanukovich’s track record) should be sufficient to prevent at least the direst scenarios in an already economically depressed country facing crises of credit default and further monetary deflation. To our knowledge there are no significant strings attached to this deal—Putin has called it an “act of brotherly love”—though what was said behind closed doors to extract a handshake from Vladimi ..