"“The chance that he can solve Russia’s economic challenges while stirring the pot in the Ukraine have to be slim to vanishing.”
“… eventually Putin is going to have to find a way of restoring the Russian economy to health or face a backlash at home.”
The sanctions imposed by Europe, the UK and America on targeted individuals and institutions in Russia are taking their toll, as is the flight of capital out of the country. On top of this, Putin’s retaliatory measure, imposing a food ban on products from countries supporting the sanctions measures, is already escalating food price inflation in Russia. However, the pain is not only being felt by Russians. A recent Bloomberg article points out that the former Soviet satellites are getting caught in the crossfire of sanctions, which is hurting their economies and adding to months of sagging Russian demand for their exports. Finland, Poland, Greece and France have already submitted claims to the EU for compensation and a Hungarian official is cited in the Hungarian press as saying that small to medium sized Hungarian businesses stand to lose around £340 million and that Hungary too, should put in a claim for compensation for losses resulting from EU sanctions."
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