Putrid Putin

With the Russian stock market skidding 11% and the Ruble falling 1.3%, Russia’s central bank was forced to boost interest rates by 1.5% to stem the Ruble slide. But higher rates will reduce an already slowing Russian economy and a weaker Ruble will boost inflation. This may be why Putin has stopped the Russian military advance in Ukraine. Expediting plans to export US energy to Europe will also help.

Share This Post
Facebook Twitter Email

Speak Your Mind