Tuesday, March 11, 2014

Russia's Oligarchs Are Betting That Kiev's Revolutionary Rulers Will Succeed

Russia's Oligarchs Throw Their Weight Behind Kiev's Revolutionary Rulers -- The Telegraph

Billionaire businessmen accept positions from Ukraine's new pro-West government in a slight against Russian president.

Vladimir Putin’s gambit that Russia could change the course of the Ukraine revolution at gunpoint has failed a crucial test as the country’s billionaire oligarchs line up behind Kiev.

Billionaire businessmen have accepted appointments from the pro-Western government in Kiev to act as regional governors in three Russia-leaning areas of the country. The fledgling government has also secured the important endorsement of the country’s richest man.

Sergei Taruta, a sharp-suited industrialist who was last week named governor of the Russian-speaking Donbass region, bluntly accuses Mr Putin of sending provocateurs to create chaos on the streets to provide a pretext for Russia intervention.

Read more ....

My Comment: I am not surprised by this news. Putin does know many oligarchs and counts some of them as his allies .... but not all of them toe his line. Ukraine does have enormous business potential in the long term .... and these oligarchs are "betting big" that stability and growth are only a few years away.

1 comment:

Don Bacon said...

Economic growth in eastern Ukraine is more likely in Russia's direction than in the EU direction, so Putin has some leverage here. The EU is in in the dumps and is in danger of breaking up.