Streetwise Professor

September 25, 2008

Russian Military Fraud

Filed under: Uncategorized — The Professor @ 8:20 am

Paul Goble has an excellent story describing the pervasive fraud in Russian military spending–fraud that will only increase with planned increases in expenditure. Whenever attempting to explain Russian policy, in my experience the best working hypothesis is that the policy is designed to facilitate siloviki tunneling of state cash flows and assets, rather than to achieve the publicly stated objective.

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