In the few days, the discussion of Russia has acquired a new dimension. The announced withdrawal of Russian forces placed close to the Ukrainian border and a slight but significant easing on the previously blood-curdling rhetoric coming from Moscow has made some people think that the crisis, fomented and largely organised by the Kremlin, may now be beginning to ease. Certainly the imposition of sanctions although it has had relatively little direct effect, has indirectly caused the government of Vladimir Putin some real problems. Western companies involved in the Russian market have radically reconsidered the risks of doing business in Russia and almost all have curtailed their investment plans. Some such as Blackstone and Adobe have announced plans to leave the Russian market altogether. The market capitalisation of the Moscow stock exchange has plunged. Inflation, at 8%, is already climbing further. Russia has faced investment shortfalls for some time, but is now facing huge cap
Musings on World events from the perspective of a Social and an Economic Liberal.