Richard Burt

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America’s growing differences with Russia are playing out on a variety of fronts. Perhaps the most consequential – and least understood – involves international finance rather than military deployments in the threatened, pivotal nation of Ukraine.

Kiev’s economy has been reeling since Russia annexed Crimea last year and rebels continue to destabilize the eastern Ukraine. Right now, the beleaguered government is struggling to plug a $15 billion funding gap.

More is at stake than a few billion dollars of sovereign debt. The West’s ability to counter Vladimir Putin’s geopolitical ambitions could rest on whether bankers can keep the Ukrainian economy afloat by negotiating a long-term restructuring.…  Seguir leyendo »

When presidents Barack Obama and Dmitry Medvedev meet today for the first time, they will have an historic opportunity to confront the most urgent security threat to our world: the proliferation of nuclear weapons and the risk of nuclear terrorism. The two leaders can move beyond traditional arms control and, in a bold move, set the world on a course towards the total elimination of all nuclear weapons - global zero.

In London, they should agree that the US and the Russian Federation will begin work immediately to achieve an accord for deep reductions in their arsenals and then lead a longer-term effort with other nuclear powers to eliminate all nuclear weapons worldwide through phased and verified reductions.…  Seguir leyendo »