Putin Blames the West for Russia’s Woes—and Russians Believe Him

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The Joker

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The Grinch stole the Kremlin this year, as Vladimir Putin cancelled Russia’s traditional Christmas-New Year vacation for his entire cabinet. Plunging oil prices combined with a collapsing ruble have sent Russia’s economy skidding, and Putin wanted solutions from his crack policy team.


Vladimir Putin’s Three Biggest Headaches The Fiscal Times
Putin Cancels New Year's Holiday for Government Workers The Atlantic
Russia's Putin scraps New Year's holidays for ministers Associated Press
Russia instructs 5 big companies to help ruble out Associated Press
China's Nuclear Upgrade Raises Concerns in the West Huffington Post
None was forthcoming. The New Year started with another sizeable sell-off in the ruble, sending panicky Muscovites into the stores trying to exchange their sinking currency for refrigerators and other hard goods. Emergency measures supporting the ruble -- jacking up interest rates and draining foreign currency reserves – and clobbered Russia’s finances. Reserves are now below $400 billion for the first time since 2009. Moreover, the economy is expected to shrink by as much as 5 percent this year. At the peak of the financial crisis, everyone was in trouble.

Today, Russia is the outlier.

http://www.msn.com/en-us/money/mark...nd-russians-believe-him/ar-AA7Sez5?srcref=rss

The sanctions worked! All Mr Putin has to do is withdraw from Ukraine and in Crimea and the west will lift the sanctions. Plus Mr Putin must sign a new peace treaty with the EU.
 
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