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...would Russia promise $5.4 billion to bail out Iceland, when Iceland's traditional allies weren't offering the money? After all, Russia has its own grave financial issues to deal with. Does the country really expect to be paid back in "the famous Icelandic herring, popular in Russia since Soviet times?" as Victor Tatarintsev, Russian ambassador to Iceland, noted in an interview on Russian television. More likely, this act of benevolence is being viewed as a way for Russia to help secure a bridgehead for an advance into the Arctic regions to claim the vast hydrocarbon and other mineral deposits...

Author: /time Magazine | Title: Why Russia Is Bailing Out Iceland | 10/13/2008 | See Source »

With tales of Putin's machismo flooding Russian media, the former KGB agent, TIME Person of the Year and - to be fair - judo black belt is a few steps away from becoming a post-Soviet Chuck Norris: all he lacks is a beard and a website. "Who needs bodyguards when you're this good at self-defense?" asks this Russia Today reporter, which is a quite ridiculous thing to say since the ability to flip people isn't at all going to stop an assassin's bullet. The real question begged by these clips from Let's Learn Judo with...

Author: /time Magazine | Title: Vladimir Putin Flips Out | 10/9/2008 | See Source »

...Keep an eye on Ukraine" has become something of a refrain for Senator John McCain, who warns darkly that the former Soviet republic may be the next victim of Moscow's efforts to squelch plucky little democracies on its doorstep. McCain urges that the U.S. respond by doing whatever it can to speed Ukraine's accession to membership in NATO. But Ukrainian democracy has a way of muddying the picture. On Wednesday, President Viktor Yushchenko, a strong U.S. ally and champion of NATO membership, called a snap parliamentary election, following the collapse of his ruling coalition last month. Questions...

Author: /time Magazine | Title: The Trouble (for McCain) with Ukrainian Democracy | 10/9/2008 | See Source »

...again - but the shape of the next government will be settled as much at the polls as in the horse-trading that follows. So, following McCain's advice to keep an eye on Ukraine may simply confirm for the beholder that the politics of the former Soviet republic is far more complex than a simple tale of a Russian hegemon menacing Ukraine's freedom...

Author: /time Magazine | Title: The Trouble (for McCain) with Ukrainian Democracy | 10/9/2008 | See Source »

...Faina is let go, the only chance of learning what really happened may be in Ukraine. After enduring severe criticism for arming all sides in various African conflicts with Soviet-era weapons from its stockpiles, Ukraine, experts say, is cleaning up its act and taking a far greater interest in the ultimate destination of its weapons. "The Ukrainians are keen on parliamentary commissions on illegal arms transfers at the moment," says Paul Holtom, a researcher with the Stockholm International Peace Research Institute's Arms Transfers Project. "One would hope the Ukrainians would follow...

Author: /time Magazine | Title: The Somali Pirates: Tanks, but No Tanks | 10/9/2008 | See Source »

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