guardian.co.uk - 11/24/2008
—
Vladimir Putin and Dmitry Medvedev Vladimir Putin and Dmitry Medvedev. Photograph: Dmitry Astakhov/AP
Comments
Blog Reactions
Russia near economic collapse?
QandO —
Fifty dollar a barrel oil certainly isn’t helping the situation: The fall in oil prices from $147 this July to below $50 today has blown a gaping hole in the government’s budget calculations. It is now facing a $150bn shortfall in its spending plans - and will have to slash expenditure in 2009. Today Putin sought to assure hard-up Russians that their social benefits would not be affected, promising a $20bn assistance package. "We will do everything, everything in our power ... so that the collapses of the past years should ...
Money for nothing
Daily Pundit —
The next candidate for a US Fed/Treasury bail out? Because they are to “big” to fail.
The oil slump, however, exacerbates Russia’s already severe economic problems. Since May Russian markets have lost 70% of their value. Russia’s central bank, meanwhile, has been spent $57.5bn in two months trying to prop up the country’s ailing currency.
We tend to focus on the US economy not taking into account the fact that even though we don’t like we are tied to other countries, China, Russia and Europe, to the ...
Related Content
World Bank: Russia may need help if oil falls more
breitbart.com 12/19/2008 — MOSCOW (AP) - Russia would come under crippling financial pressure and may need to raise money externally if oil languishes at an average of $30 a barrel over the next two years, the World Bank predicted Friday. The bleak scenario would mark a rapid ...
Putin may return to Kremlin in '09: report - Yahoo! News
news.yahoo.com 11/6/2008 — MOSCOW (Reuters) Russian President Dmitry Medvedev could resign from his post in 2009 to pave the way for Vladimir Putin to return to the Kremlin, Vedomosti newspaper reported on Thursday, citing an unidentified source close to the Kremlin. Medvedev ...
Russia's In A Hurry - Here's Why
redstate.com 11/9/2008 — A Journey Into The Mind Of Vladimir Putin....
On Tuesday night, as we all discussed the consequences of what
had just happened, your humble correspondent staked out what seemed
to be a minority position - that is, that the next 2 - 4 years ...
Vladimir Putin : Pictures, Videos, Breaking News
huffingtonpost.com 11/14/2008 — Andy Borowitz BIO Levi Johnston Liveblogs the Debate Andy Borowitz , 09.26.2008 Every time McCranky says "my friends," me and my boyz do another round of Jagerbombs. Fu**in excellent right? I am gonna be totally fu**in wasted before that a-hole shuts ...
Look Who's Over a Barrel
tammybruce.com 11/21/2008 — A post by Pat
The price of oil is plummeting and consequently some swaggering loud mouths are getting a comeuppance. Yes, it's because we're all in some economic trouble but this takes our minds off the pain for a little while.
From the Kremlin ...
Russia Out of Rehab
online.wsj.com 11/18/2008 — Russia needed only a few days this August to drive Georgia's army into retreat. In the aftermath, Europe has held out only a bit longer than Tbilisi's troops. EU leaders on Friday said they were resuming talks with Moscow toward an ...
Follow BeltwayBlips on Twitter
