Survival of the richest: How oligarchs block reform in Ukraine.

Survival of the richest: How oligarchs block reform in Ukraine.

Greg Krasovsky: What an understatement!

So why do the U.S., EU and theri allies support Ukrainian oligarch Petro Proshenko as Ukraine's president?

Because he's a "loyal" anti-Russian oligarch?

The lesser of two geo-political evils?

My heart weeps for ordinary Ukrainians who are being driven into utter poverty by Ukrainian oligarchs and held hostage by corrupt Ukrainian politicians and their sponsors (foreign & domestic).

Selected excerpt:

"And while Ukraine suffers from many types of corruption, it is the penetration of its politics by the super-rich oligarchy that forms the main obstacle to reform.

Wealth is concentrated in few hands in Ukraine. Before the Euromaidan protests of 2013 the assets of Ukraine’s 50 richest individuals made up over 45 percent of GDP, almost five times as much as in the US. Politics in Ukraine is extraordinarily expensive, with campaign expenditures running at hundreds of millions of dollars. And oligarchical media ownership further strengthens the hold of the wealthy over Ukraine’s democracy.

The author highlights two key areas, the judiciary and Ukraine’s state-owned enterprises, where the nascent process of ‘de-oligarchisation’ has failed to take hold. Control over the courts means that there have been no high-profile leading figures from the Yanukovych era brought to trial. And Ukraine’s state-owned enterprises siphon off government funds to the pockets of oligarchs, providing further funds for them to control events in Kyiv."

Please read rest of the article at: http://www.ecfr.eu/publications/summary/survival_of_the_richest_how_oligarchs_block_reform_in_ukraine6091

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