Paul R. Gregory's writings on Russia, the world economy, and other matters that he finds of interest.
Sunday, January 26, 2014
The Good Guys Have A Real Chance in Ukraine
As the two months of street demonstrations escalate in Kiev and spread throughout Ukraine, the anti-government forces’s chances of unseating unpopular president, Viktor Yanukovich, grow. A victory of the loose alliance of pro-Western and nationalist forces in Ukraine would be Vladimir Putin’s first defeat after successfully running circles around Europe and the United States for years.
Putin had counted on Russian bailout funds and low gas prices to deflate Yanukovich’s street opposition. That did not work, but worse for Putin, the Ukrainian crisis is coming to a boil as his Sochi moment approaches. He must be on his best behavior through the February Olympic games – not a good time for Putin to deploy his strong arm tricks on behalf of Yanukovich.