Russian President Vladimir Putin’s invasion of Ukraine is bringing the Russian economy to its knees
announced that Russia is banning western companies from exiting Russian investments. Mishutin, like I, lived through the Asian and Russian crises of 1998. He should have learned then that trying to prohibit foreign investors from divesting of any financial asset is a green light for them to flee even faster. Mishutin should also remember that the financial drain of the Chechnya conflict was a significant contributor to Russia’s 1998 sovereign debt default. History never, ever stops mattering.
No one who knows anything about Putin should be surprised about Putin’s annexation and invasion strategies. This is the man who in 2005, 14 years after the collapse of the Soviet Union,the dissolution of the Soviet Union the “greatest geopolitical catastrophe of the century.” His observation can be more appropriately applied now to his murder of Ukrainians and the painful economic damage that he is inflicting on his own people in Russia. When Putin became president in 2000 the ruble was at.
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