Sat Aug 9th, 2008 at 10:21:57 AM EST
This is another diary critical of the West's position on Georgia.
Just as a bit of background, let me state here for the record that I wrote my PhD on the independence of Ukraine, and have thus studied how Russia behaves with its neighbors rather intensively. Following that, I worked for several years financing oil&gas projects in Russia and the Caspian; in particular, I worked on te financing of the BTC pipeline that goes from Azerbaijan to Turkey via Georgia (I wrote about it on DailyKos 3 years ago). Oil companies don't need the money: what they want is for other parties like banks to share the political risks associated with their projects. Which means that in turn, the job of a banker working on these projects is to understand those political risks. And it is quite obvious that the relationship between Russia and the Caucasus countries, including Georgia, was at the heart of my work.
As an additional preamble, when I say that the West has no more credibility than Russia on this conflict, it does not mean that Russia has any credibility, or that I love Putin, it means that the West has no credibility whatsoever; when I mock the West's claims about human rights and democracy, it does not mean that I think Russia is a defender of human rights and democracy, just that we have no credibility either on the topic.