Why Corrosive Capital is a Danger to the Future of Eastern Europe – discussion

26 August 2020
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Centre for Economic Strategy cordially invites you to join the discussion “Why Corrosive Capital is a Danger to the Future of Eastern Europe”. It will be carried out on Wednesday, August 26, at 16:00 in Zoom.

One of the main outcomes of the Centre for Economic Strategy study “Russian capital economic footprint” – corrosive capital creates a vicious cycle undermining the rule of law and institutions.

Corrosive foreign capital is an investment that doesn’t seek economic benefits, but political influence. For example, in the Ukraine case, Russian interest here is that the country must remain corrupt, with weak governance and powerful oligarchs. When institutions are weak, and the officials are corrupt, it is easier for Russian and other foreign corrosive capital to promote their interests by making deals with local oligarchs, bribing the officials and abusing the weak institutions.

We offer to talk about how corrosive capital harms the various Eastern European countries and their neighbors and what policies need to be put in place to limit their influence.

Discussion agenda

16:00-16:10 Keynote speech «How the world’s corrosive capital is destroying democracies» Natalia Otel Belan, Regional Director for Europe and Eurasia , Center for International Private Enterprise (CIPE)

16:10-16:30 – presentation “Russian capital economic footprint”, Dariia Mykhailyshyna, Economist, Center for Economic Strategy,

16:30-17:30 – public discussion «Why Corrosive Capital is a Danger to the Future of Eastern Europe»

Invited panelists:

  • Anders Åslund, senior fellow, Atlantic Council
  • Eric Hontz, Deputy Regional Director for Europe and Eurasia, Center for International Private Enterprise (CIPE)
  • Artak Kyurumyan,Economist, expert, Transparency International Armenia Anticorruption Center (TIAC)
  • Tatiana Lariushin, Executive Director, Center for Entrepreneurship and Economic Policy (CEEP)
  • Dariia Mykhailyshyna, Economist, Center for Economic Strategy,
  • Ruslan Stefanov, Director, Economic Program of the Center for the Study of Democracy (CSD)

Moderator: Dmytro Goriunov,  Senior Economist, Center for Economic Strategy

17: 30-18:00 – Q&A

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