Beware Putin’s Special War in 2015
Beware Putin’s Special War in 2015 by John R. Schindler Tuesday December 23 rd , 2014 at 4:57 PM The InterpreterThe Interpreter 1 Share December 2014 is the month Putin’s Russia was plunged into undeniable crisis. Between the dramatic drop in oil prices and the collapse of the ruble, under Western sanctions pressure, Russians are going into the new year in a dramatically different, and lessened, economic situation than the one they enjoyed at the beginning of the year now ending. This will bring myriad hardships to Russians, particularly because even Moscow is admitting that low oil prices may be the “new normal” until the 2030’s. Caveats abound here. The vast majority of Russians don’t travel abroad, much less have vacation properties in Europe, nor do they have hard-currency mortgages (the ruble now having returned to its Soviet-era pariah status). Moreover, the average Russian has a physical and mental toughness ab...