Guest Post: Parsing Putin’s thinking on Ukraine | beyondbrics:
"For investors exposed to Russia and the wider market fall-out from Russia’s military move in the Crimea, it may be helpful to recall the lessons of a previous shock that threatened to undermine the investment case for Russia. The analogy I have in mind is the Yukos affair.
Then, as now, President Putin perceived a paramount interest that he decided to pursue regardless of the high costs to business and financial market confidence.
In the Yukos case, the interest in question was to stop an oligarch who was using his controversially acquired wealth to make a challenge for power. The result was extensive collateral damage to the investment climate centered on concerns about the security of property rights."
'via Blog this'
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