Comments for CrisisCrunch http://crisiscrunch.pbndc.com Crunching the numbers, charting developments on the ground and reflecting on the role of leadership and communication in Russia, Ukraine and Kazakhstan Tue, 07 Sep 2010 02:05:22 +0000 hourly 1 Comment on Policy Matters: Russia’s Insider Trading Draft Law by Andrei http://crisiscrunch.pbndc.com/?p=836&cpage=1#comment-1749 Andrei Mon, 29 Mar 2010 13:35:32 +0000 http://crisiscrunch.pbndc.com/?p=836#comment-1749 Cannot wait for the law "On counteracting misuse of insider information and market manipulation" to come out! When is the due date for that one, anyone? Cannot wait for the law “On counteracting misuse of insider information and market manipulation” to come out! When is the due date for that one, anyone?

]]> Comment on First Default by a Russian State-Owned Company Since ‘98: The Wax Begins to Melt on Sovereign Bonds by Avtovaz Dilemma Show Challenges For Russia ETF | ETF Database http://crisiscrunch.pbndc.com/?p=535&cpage=1#comment-126 Avtovaz Dilemma Show Challenges For Russia ETF | ETF Database Tue, 03 Nov 2009 06:07:25 +0000 http://crisiscrunch.pbndc.com/?p=535#comment-126 [...] the downside, because they are backed by the deep pockets of the government (although this backing won’t always prevent bankruptcies). But the major disadvantage is the fact that these corporations won’t always be run for the [...] [...] the downside, because they are backed by the deep pockets of the government (although this backing won’t always prevent bankruptcies). But the major disadvantage is the fact that these corporations won’t always be run for the [...]

]]> Comment on Is Medvedev’s “Go Russia!” Going Anywhere? by Global Voices Online » Russia: Medvedev’s critical questions http://crisiscrunch.pbndc.com/?p=1359&cpage=1#comment-121 Global Voices Online » Russia: Medvedev’s critical questions Tue, 27 Oct 2009 13:31:13 +0000 http://crisiscrunch.pbndc.com/?p=1359#comment-121 [...] comments on some critical issues about Russia raised by the country's president, Dmitry Medvedev, in a [...] [...] comments on some critical issues about Russia raised by the country's president, Dmitry Medvedev, in a [...]

]]> Comment on Is Medvedev’s “Go Russia!” Going Anywhere? by Peter http://crisiscrunch.pbndc.com/?p=1359&cpage=1#comment-119 Peter Tue, 27 Oct 2009 06:48:45 +0000 http://crisiscrunch.pbndc.com/?p=1359#comment-119 Good read. While author doesn't take a stand while raising but not answering the key questions, refreshing to read a balanced, well written take on the future of Russia's leading political duo. Good read. While author doesn’t take a stand while raising but not answering the key questions, refreshing to read a balanced, well written take on the future of Russia’s leading political duo.

]]> Comment on Having it Both Ways - Russia is Saying Yes to Both the WTO and the Customs Union by Global Voices Online » Russia: Accelerating WTO accession? http://crisiscrunch.pbndc.com/?p=1350&cpage=1#comment-108 Global Voices Online » Russia: Accelerating WTO accession? Wed, 07 Oct 2009 14:21:59 +0000 http://crisiscrunch.pbndc.com/?p=1350#comment-108 [...] Lahan of Crisis Crunch accounts for Russia resuming negotiations on membership of the World Trade Organization (WTO), which may still [...] [...] Lahan of Crisis Crunch accounts for Russia resuming negotiations on membership of the World Trade Organization (WTO), which may still [...]

]]> Comment on [Obama in Moscow] Not a Full Reset but a Definite Re-Start by Jesse http://crisiscrunch.pbndc.com/?p=1223&cpage=1#comment-93 Jesse Tue, 14 Jul 2009 13:27:40 +0000 http://crisiscrunch.pbndc.com/?p=1223#comment-93 Don't the Russian media feel just a little silly for lecturing Obama about policies that he actively campaigned against? In any case, these first round of trips were apparently intended as a kind of 'healing' tour. The reset, as Nesterenko correctly points out, was intended to prevent further degradation. I think this was accomplished. [great post btw - very concise!] Don’t the Russian media feel just a little silly for lecturing Obama about policies that he actively campaigned against? In any case, these first round of trips were apparently intended as a kind of ‘healing’ tour. The reset, as Nesterenko correctly points out, was intended to prevent further degradation. I think this was accomplished.

[great post btw - very concise!]

]]> Comment on [Kazakhstan’s Banking Sector] #3 Astana Finance by Scott Tyne http://crisiscrunch.pbndc.com/?p=1138&cpage=1#comment-88 Scott Tyne Sun, 28 Jun 2009 00:09:50 +0000 http://crisiscrunch.pbndc.com/?p=1138#comment-88 The notion that Astana Finance has 12 months to formulate a debt restructuring plan is misguided. There are creditor groups (such as ABBA - see kzbonds.com) preparing action that will result in the liquidation of this entity well inside that time-frame. IF SK is not going to contribute capital to this quasi-sovereign (25% owned by SK) then creditors are prepared to take matters into their own hands. The notion that Astana Finance has 12 months to formulate a debt restructuring plan is misguided. There are creditor groups (such as ABBA - see kzbonds.com) preparing action that will result in the liquidation of this entity well inside that time-frame. IF SK is not going to contribute capital to this quasi-sovereign (25% owned by SK) then creditors are prepared to take matters into their own hands.

]]> Comment on [Kazakhstan’s Banking Sector] #3 Astana Finance by Kazakhstan Daily News Roundup - June 24, 2009 | Silk Road Intelligencer http://crisiscrunch.pbndc.com/?p=1138&cpage=1#comment-84 Kazakhstan Daily News Roundup - June 24, 2009 | Silk Road Intelligencer Wed, 24 Jun 2009 02:53:51 +0000 http://crisiscrunch.pbndc.com/?p=1138#comment-84 [...] Kazakhstan banking sector: Astana Finance (Crisis Crunch) [...] [...] Kazakhstan banking sector: Astana Finance (Crisis Crunch) [...]

]]> Comment on [Kazakhstan’s Banking Sector] #3 Astana Finance by Kazakhstan Business and Economy Roundup - June 24, 2009 | Silk Road Intelligencer http://crisiscrunch.pbndc.com/?p=1138&cpage=1#comment-83 Kazakhstan Business and Economy Roundup - June 24, 2009 | Silk Road Intelligencer Wed, 24 Jun 2009 02:52:54 +0000 http://crisiscrunch.pbndc.com/?p=1138#comment-83 [...] Kazakhstan banking sector: Astana Finance (Crisis Crunch) [...] [...] Kazakhstan banking sector: Astana Finance (Crisis Crunch) [...]

]]> Comment on [Kazakhstan’s Banking Sector] #2 BTA Bank by Scott Tyne http://crisiscrunch.pbndc.com/?p=1114&cpage=1#comment-81 Scott Tyne Mon, 22 Jun 2009 07:56:31 +0000 http://crisiscrunch.pbndc.com/?p=1114#comment-81 Investors in BTA bonds must be prepared to take a hard line with Kazakhstan - see kzbonds.com. Frankly it is difficult to see over 100 creditors with divergent views and interests agreeing to a debt restructure. Nor should they do so. Creditors will have greater influence over formalised conservatorship or insolvency. Absent government support the bankruptcy of BTA and the disintegration of Kazakhstan's banking sector is inevitable. Investors in BTA bonds must be prepared to take a hard line with Kazakhstan - see kzbonds.com. Frankly it is difficult to see over 100 creditors with divergent views and interests agreeing to a debt restructure. Nor should they do so. Creditors will have greater influence over formalised conservatorship or insolvency. Absent government support the bankruptcy of BTA and the disintegration of Kazakhstan’s banking sector is inevitable.

]]> Comment on Anticipating 2010: Discussions on Kazakhstan’s Upcoming OSCE Chairmanship by Scott Tyne http://crisiscrunch.pbndc.com/?p=1126&cpage=1#comment-80 Scott Tyne Mon, 22 Jun 2009 07:52:00 +0000 http://crisiscrunch.pbndc.com/?p=1126#comment-80 Kazakhstan has proved incapable of overseeing its own domestic banks, with three key Kazakh financial institutions in deafult of international debt obligations - see kzbonds.com. There is no reason to suppose Kazakhstan will prove any more proficient in chairing the OSCE. Kazakhstan has proved incapable of overseeing its own domestic banks, with three key Kazakh financial institutions in deafult of international debt obligations - see kzbonds.com. There is no reason to suppose Kazakhstan will prove any more proficient in chairing the OSCE.

]]> Comment on What Crisis? Finding Solace in the Supermarket by Peter Necarsulmer http://crisiscrunch.pbndc.com/?p=1107&cpage=1#comment-76 Peter Necarsulmer Sat, 13 Jun 2009 12:15:10 +0000 http://crisiscrunch.pbndc.com/?p=1107#comment-76 Thou speaketh truth Mr. Blackwell. For another helping of nostalgia for those carefree pre-crisis days, have you tried a helping of one piece of sushi at Vogue, Galleria, Nobu or any other Novikov No-Crisis Eatery? How about one kilo of coffee beans at Volkonsky for 4,000 rubles? Such a deal! Such bliss! Thou speaketh truth Mr. Blackwell. For another helping of nostalgia for those carefree pre-crisis days, have you tried a helping of one piece of sushi at Vogue, Galleria, Nobu or any other Novikov No-Crisis Eatery? How about one kilo of coffee beans at Volkonsky for 4,000 rubles? Such a deal! Such bliss!

]]> Comment on To Silence or Not to Silence: Blogging in Kazakhstan by By the People | A Citizen-Led Conversation » Blog Archive » Blogging in Kazakhstan - Engaging the World - America.gov http://crisiscrunch.pbndc.com/?p=917&cpage=1#comment-75 By the People | A Citizen-Led Conversation » Blog Archive » Blogging in Kazakhstan - Engaging the World - America.gov Wed, 10 Jun 2009 20:05:40 +0000 http://crisiscrunch.pbndc.com/?p=917#comment-75 [...] To help answer that question, The Financial Times’ Isabel Gorst offers a good synopsis of the issue, Askhat Yerkimbay from Global Voices weighs in on the subject by analyzing a variety of statements from Kazak bloggers, and Yekaterina Syrtsova of CrisisCrunch notes the irony of the situation. [...] [...] To help answer that question, The Financial Times’ Isabel Gorst offers a good synopsis of the issue, Askhat Yerkimbay from Global Voices weighs in on the subject by analyzing a variety of statements from Kazak bloggers, and Yekaterina Syrtsova of CrisisCrunch notes the irony of the situation. [...]

]]> Comment on Mortgage Metamorphosis? by John Watson http://crisiscrunch.pbndc.com/?p=817&cpage=1#comment-68 John Watson Thu, 04 Jun 2009 14:47:39 +0000 http://crisiscrunch.pbndc.com/?p=817#comment-68 Another good article on you blog! I always come back for me. Thanks. Another good article on you blog! I always come back for me. Thanks.

]]> Comment on Drunken Outburst Damages Minister’s Career and Ukraine’s Reputation by Ukrainer http://crisiscrunch.pbndc.com/?p=981&cpage=1#comment-65 Ukrainer Thu, 21 May 2009 05:15:39 +0000 http://crisiscrunch.pbndc.com/?p=981#comment-65 First time here. Thank you for attention to Ukraine! Nice blog! Lutsenko - bad man. First time here. Thank you for attention to Ukraine! Nice blog! Lutsenko - bad man.

]]> Comment on [Quote of the Week] “What is crystal clear is that somebody has been placing big bets on whether or not the banking equivalent of Borat will blow up.” by Sam VanDerlip http://crisiscrunch.pbndc.com/?p=866&cpage=1#comment-56 Sam VanDerlip Fri, 01 May 2009 16:45:07 +0000 http://crisiscrunch.pbndc.com/?p=866#comment-56 "What is playing out at BTA, in other words, is merely a foretaste of what awaits part of the Western corporate scene too. Call it, if you like, the new face of financial globalisation, albeit one that is unlikely to look quite as funny as those Borat jokes, as companies and investors finally wake up to the implications of this deceptive new credit world." This is actually quite a frightening precedent - if this accusation is true and this practice spreads to other banks, and beyond banks, then we will have the financial apocalypse on our hands. A CDS market blow-up would be far worse than sub-prime. “What is playing out at BTA, in other words, is merely a foretaste of what awaits part of the Western corporate scene too. Call it, if you like, the new face of financial globalisation, albeit one that is unlikely to look quite as funny as those Borat jokes, as companies and investors finally wake up to the implications of this deceptive new credit world.”

This is actually quite a frightening precedent - if this accusation is true and this practice spreads to other banks, and beyond banks, then we will have the financial apocalypse on our hands. A CDS market blow-up would be far worse than sub-prime.

]]> Comment on Policy Matters: Russia’s Insider Trading Draft Law by Russia: Bills Punishing Insider Trading Finally Introduced http://crisiscrunch.pbndc.com/?p=836&cpage=1#comment-55 Russia: Bills Punishing Insider Trading Finally Introduced Wed, 29 Apr 2009 13:25:32 +0000 http://crisiscrunch.pbndc.com/?p=836#comment-55 [...] Read the Crisis Crunch article [...] [...] Read the Crisis Crunch article [...]

]]> Comment on Putin’s First Annual Address to the State Duma by Global Voices Online » Russia: Putin’s Address to the Duma http://crisiscrunch.pbndc.com/?p=658&cpage=1#comment-52 Global Voices Online » Russia: Putin’s Address to the Duma Tue, 14 Apr 2009 01:02:26 +0000 http://crisiscrunch.pbndc.com/?p=658#comment-52 [...] of PM Putin's first annual address to the Duma - at CrisisCrunch. Cancel this [...] [...] of PM Putin's first annual address to the Duma - at CrisisCrunch. Cancel this [...]

]]> Comment on Rents Asunder: The Bursting of Moscow’s Real Estate Bubble by Sam VanDerlip http://crisiscrunch.pbndc.com/?p=613&cpage=1#comment-51 Sam VanDerlip Fri, 03 Apr 2009 19:32:05 +0000 http://crisiscrunch.pbndc.com/?p=613#comment-51 "The demand for residential rental properties grew by 46.6% in January, according to real estate company Miel-Arenda" Miel-Arenda would find a statistic like that, wouldn't they? “The demand for residential rental properties grew by 46.6% in January, according to real estate company Miel-Arenda”

Miel-Arenda would find a statistic like that, wouldn’t they?

]]> Comment on Let the Banking Cull Begin by Pages tagged "banking" http://crisiscrunch.pbndc.com/?p=552&cpage=1#comment-48 Pages tagged "banking" Fri, 27 Mar 2009 20:16:23 +0000 http://crisiscrunch.pbndc.com/?p=552#comment-48 [...] bookmarks tagged banking Let the Banking Cull Begin | CrisisCrunch saved by 1 others     streetchina bookmarked on 03/27/09 | [...] [...] bookmarks tagged banking Let the Banking Cull Begin | CrisisCrunch saved by 1 others     streetchina bookmarked on 03/27/09 | [...]

]]> Comment on First Default by a Russian State-Owned Company Since ‘98: The Wax Begins to Melt on Sovereign Bonds by Global Voices Online » Russia: Financial Leasing Company’s Default http://crisiscrunch.pbndc.com/?p=535&cpage=1#comment-47 Global Voices Online » Russia: Financial Leasing Company’s Default Fri, 27 Mar 2009 01:44:02 +0000 http://crisiscrunch.pbndc.com/?p=535#comment-47 [...] writes about “the default by Financial Leasing Company (FLC), the first default of a Russian [...] [...] writes about “the default by Financial Leasing Company (FLC), the first default of a Russian [...]

]]> Comment on Optimists Find Their Voice Again by Peter Necarsulmer http://crisiscrunch.pbndc.com/?p=424&cpage=1#comment-39 Peter Necarsulmer Fri, 20 Mar 2009 07:31:59 +0000 http://crisiscrunch.pbndc.com/?p=424#comment-39 Just like the "sotto voce" chirps of birds finding their voices as spring emerges in Moscow, so are the number of optimists twittering dulcet tunes about economic recovery. Along with the chirping, pretty and hopeful as it sounds, is, unfortunately, growing piles of bird poop on the window sills and sidewalks. Let's not be all gloom and doom. Let's enjoy the spring. But, let us not kid ourselves or anyone else that we have seen the worst of this recession here in Russia or anywhere in the world. Peter Necarsulmer Just like the “sotto voce” chirps of birds finding their voices as spring emerges in Moscow, so are the number of optimists twittering dulcet tunes about economic recovery. Along with the chirping, pretty and hopeful as it sounds, is, unfortunately, growing piles of bird poop on the window sills and sidewalks. Let’s not be all gloom and doom. Let’s enjoy the spring. But, let us not kid ourselves or anyone else that we have seen the worst of this recession here in Russia or anywhere in the world. Peter Necarsulmer

]]> Comment on Optimists Find Their Voice Again by Sam VanDerlip http://crisiscrunch.pbndc.com/?p=424&cpage=1#comment-34 Sam VanDerlip Wed, 18 Mar 2009 14:10:06 +0000 http://crisiscrunch.pbndc.com/?p=424#comment-34 There are alternative viewpoints on whether there are really reasons for optimism that are worth considering: http://www.rgemonitor.com/blog/roubini/255995/reflections_on_the_latest_dead_cat_bounce_or_bear_market_suckers_rally There are alternative viewpoints on whether there are really reasons for optimism that are worth considering: http://www.rgemonitor.com/blog/roubini/255995/reflections_on_the_latest_dead_cat_bounce_or_bear_market_suckers_rally

]]> Comment on A Day of Tokens But Not a Token Appointment by Global Voices Online » Russia: New Minister of Agriculture http://crisiscrunch.pbndc.com/?p=345&cpage=1#comment-19 Global Voices Online » Russia: New Minister of Agriculture Sat, 14 Mar 2009 00:28:55 +0000 http://crisiscrunch.pbndc.com/?p=345#comment-19 [...] CrisisCrunch, Adrian Erlinger writes about Yelena Skrynnik, Russia's new minister of agriculture. Cancel this [...] [...] CrisisCrunch, Adrian Erlinger writes about Yelena Skrynnik, Russia's new minister of agriculture. Cancel this [...]

]]> Comment on Ukraine’s IMF Bailout by What’s Buzzing? » Blog Archive » Ukraine’S Imf Bailout | Crisiscrunch http://crisiscrunch.pbndc.com/?p=296&cpage=1#comment-18 What’s Buzzing? » Blog Archive » Ukraine’S Imf Bailout | Crisiscrunch Fri, 13 Mar 2009 04:46:06 +0000 http://crisiscrunch.pbndc.com/?p=296#comment-18 [...] Over the weekend, the Ukrainian newspaper Dzerkalo Tyzhnia (Mirror of the Week) reported that the IMF returned the letter to the Ukrainian leadership for additional revision before it would be formally considered. …Page 2 [...] [...] Over the weekend, the Ukrainian newspaper Dzerkalo Tyzhnia (Mirror of the Week) reported that the IMF returned the letter to the Ukrainian leadership for additional revision before it would be formally considered. …Page 2 [...]

]]>