Wednesday, March 26, 2014

Putin is killing the economy of Russia

President Putin’s violations of Ukraine and Georgia six years ago are hurting Russia’s economy. Investors don’t like lawlessness; they want predictability. They are pulling massive amounts of cash out of the country - $70 billion in the first quarter of 2014. The ruble has dropped 10% versus the US $ this year; that might cause a recession.

Putin has his people eating out of his hand being the international tough guy, but he is hurting them.

Washington Times


No comments: