Weak rouble will expose Putin's bluster to Russians [shared from Weave for Windows Phone]
Weak rouble will expose Putin's bluster to Russians
Δευτέρα, Μαρτίου 24 • 12:11πμ
So far, Western sanctions on Russia have been confined to visa restrictions and asset freezes on key officials. These are unlikely to have much economic effect on either the West or Russia – although they could prove to be very serious for the individuals involved. But things could readily escalate from here, either because Russia engages in retaliation or because, albeit reluctantly, the West moves towards Iranian-style sanctions. What would the effects be? Does Russia hold the whip over the West?
The economic and financial market impact so far has fallen mostly on Russia. The rouble has dropped to a record low against the dollar, while the Russian stock market has fallen by nearly 15pc since the start of the year. In contrast, both Western financial markets and energy markets have largely shrugged off events. This makes sense: in the event of an escalating tit-for-tat exchange between the West and Russia, the risks to Russia far outweigh those to the rest of the world.
http://www.telegraph.co.uk/finance/comment/rogerbootle/10717707/Weak-rouble-will-expose-Putins-bluster-to-Russians.html
Weak rouble will expose Putin's bluster to Russians
Δευτέρα, Μαρτίου 24 • 12:11πμ
So far, Western sanctions on Russia have been confined to visa restrictions and asset freezes on key officials. These are unlikely to have much economic effect on either the West or Russia – although they could prove to be very serious for the individuals involved. But things could readily escalate from here, either because Russia engages in retaliation or because, albeit reluctantly, the West moves towards Iranian-style sanctions. What would the effects be? Does Russia hold the whip over the West?
The economic and financial market impact so far has fallen mostly on Russia. The rouble has dropped to a record low against the dollar, while the Russian stock market has fallen by nearly 15pc since the start of the year. In contrast, both Western financial markets and energy markets have largely shrugged off events. This makes sense: in the event of an escalating tit-for-tat exchange between the West and Russia, the risks to Russia far outweigh those to the rest of the world.
http://www.telegraph.co.uk/finance/comment/rogerbootle/10717707/Weak-rouble-will-expose-Putins-bluster-to-Russians.html
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