We are firmly in the 21st century, yet the newly formed Donetsk and Lugansk People’s Republics (together forming the Donbass region) once again face the old Lenin’s dilemma: to nationalize the Ukraine oligarchs’ assets, or not. The primary backers of the euro-maidan and the present junta in Kiev, possessing significant assets in Donetsk and Lugansk, include Renat Akhmetov, Igor Kolomoyskiy (the same guy who finances his own private army and who treats nearby Dnepropetrovsk as his fiefdom) and a few others. It appears the main wrath of the people is directed currently at Renat Akhmetov, who is a Donetsk native.
The dilemma, to nationalize or not, is the old one. Lenin agonized over the same after the 1917 Bolshevik Revolution and in the first years of the young Soviet Republic. After the referendum of May 11, 2014, during which 90%+ of the Donetsk and Lugansk citizens combined voted to form a broad autonomy with subsequent secession from Kiev, both young Republics started experiencing financial problems. Kiev turned off financial sources and threatened to stop paying pensions and salaries. Meanwhile, taxes were still being collected in Donetsk and Lugansk to be sent to Kiev. Read the rest of this entry