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10 Mar 2014
Flash: Does Russia have Suicidal Tendencies? - FXStreet
FXStreet (Barcelona) - Alena Afanaseva, FXStreet Analyst has taken a look at the Ukrainian crisis from a generally ignored perspective, and has come to some interesting conclusions.
Key Quotes
“Any political move is not just politics alone, it has financial interests, protectionist intentions, and only at last image building considerations.”
“It is claimed that Russia wants to profit from the civil war developing between the Eastern and Western parts of Ukraine, so we need to analyze the two issues: Is it Russia to blame in Ukraine's split, or are there some other reasons as well? Is there any profit for Russia if it annexes the southeast of the Ukraine?”
“The south-eastern region is definitely more prosperous than the west, and it partly supports the wide-spread opinion in Ukraine, that ‘hard-working East feeds lazy and rebellious West’.”
“Those prosperous parts of Ukraine feeding poor western rebels is another myth supported by those who don’t know the data, or by some reason doesn’t want to know. According to the latest State Treasury data of Ukraine available for the 3Q of 2013, only 29 cities out of 117 mentioned in Inter-Budget Transfers Report sent the money to federal budget, and all the rest received subsidies.”
“Most parts of the Ukraine, even those claimed to be rich and attractive for Russia, are highly dependent on the government money. If Crimea decides to join Russia, these amounts become Russian burden. “
“It’s billions of dollars, and for Russian budget exhausted by the Olympics, depressed by slowing growth, rising unemployment and increasing inflation it will be actually a death sentence. So, is Russia so suicidal, or is it somebody else so paranoid?”
Key Quotes
“Any political move is not just politics alone, it has financial interests, protectionist intentions, and only at last image building considerations.”
“It is claimed that Russia wants to profit from the civil war developing between the Eastern and Western parts of Ukraine, so we need to analyze the two issues: Is it Russia to blame in Ukraine's split, or are there some other reasons as well? Is there any profit for Russia if it annexes the southeast of the Ukraine?”
“The south-eastern region is definitely more prosperous than the west, and it partly supports the wide-spread opinion in Ukraine, that ‘hard-working East feeds lazy and rebellious West’.”
“Those prosperous parts of Ukraine feeding poor western rebels is another myth supported by those who don’t know the data, or by some reason doesn’t want to know. According to the latest State Treasury data of Ukraine available for the 3Q of 2013, only 29 cities out of 117 mentioned in Inter-Budget Transfers Report sent the money to federal budget, and all the rest received subsidies.”
“Most parts of the Ukraine, even those claimed to be rich and attractive for Russia, are highly dependent on the government money. If Crimea decides to join Russia, these amounts become Russian burden. “
“It’s billions of dollars, and for Russian budget exhausted by the Olympics, depressed by slowing growth, rising unemployment and increasing inflation it will be actually a death sentence. So, is Russia so suicidal, or is it somebody else so paranoid?”