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originally posted by: Xcathdra
If the information in the op is accurate, and so far I have not seen anything to refute it, Putin caused Russia's economic issues we are seeing. If the info is accurate then Putin has admitted to that fact and its supported by their most recent actions.
* - recognizing Ukraine's new government.
* - withdrawing troops from the border with Ukraine.
* - removing assets that were in the East / South of Ukraine.
* - The moves to stabilize their currency while remaining silent as opposed to them trying to stabilize their economy while complaining about the US / EU sanctions.
etc etc etc
Everything Putin is doing now is meant to mitigate the economic damage that he caused with regards to Russia only.
originally posted by: AreUKiddingMe
For once I hear a distinct lack of heel-clicking and "Heil Putins". It was only a matter of time before the teeth of the sanctions' bite started to draw blood. Money talks. IMO Putin made an irreversible error in judgment. The russian economy will suffer for many years. The ruble may never regain stabilization.
The geopolitical crisis touched off by Vladimir Putin’s annexation of Crimea seems to be easing. But for the 2 million residents of Crimea, another crisis is just beginning.
Despite the peninsula’s cultural and historical ties with Russia, Ukraine has been its economic lifeline, supplying everything from food and banking services to Ukrainian vacationers, who accounted for 70 percent of Crimean tourism. As those connections have frayed or broken, Crimea faces deepening economic woes.
The tourism industry has fallen off a cliff, the banking system is in turmoil, and prices are rising as Russia curbs shipments from Ukraine. Even McDonald’s (MCD) has fled, closing its three restaurants on the peninsula. Russia has promised aid—including plans for a Las Vegas-style gambling zone in Crimea—but that won’t come quickly enough to avoid what Crimean Prime Minister Sergey Aksyonov has described as “temporary economic difficulties.”