Quote:
Originally Posted by CliffFletcher
This article in the Economist offers an insight into the mindset of Putin’s inner circle. Paywalled, but I think you can access one free article a month,
On the effectiveness of sanctions:
Tldr: Previous sanctions spurred the regime to develop domestic sectors to make Russia more self-reliant, Putin’s cronies run those sectors, and so they will actually benefit from another round of sanctions.
|
Very interesting article. Is this whole thing to remove themselves as much as possible from the import side of the global economy? I wonder if it's feasible for them to rely on a national economy augmented by energy exports. It's obviously not a viable long term strategy as you would think Russian energy will be replaced eventually.
I hate to rapid post and I'm probably wrong but I just don't see a real long term outlook that's positive for Russia. Still think there will be another shoe to drop at some point.