Russia's modernization means conquering oil dependence

I reviewed discussion among economists about the Russian economy's prospects in the global recovery here http://www.emergingmarkets.org/Article/2682714/Europe/RUSSIAN-ECONOMY-Russias-oil-problem.html

Imposing an austerity package on Ukraine may not be easy

The IMF has signed up a new loan programme with the government, but pushing through cuts that undermine living standards will be hard, I argued in a feature article in Emerging Markets newspaper here http://www.emergingmarkets.org/Article/2690747/Europe/UKRAINE-Tough-love.html