In
the last few months, the Russian rouble has lost 30% of its dollar value. This
is directly linked to the sanctions the Western countries have put in place
against Russia´s economic and financial interests. And on top of it, there is a
strong fall in the price of oil, which is a key export commodity in Russia.
All
of this bites and cannot be immediately addressed by alternative ties with China and other
economies. Such ties take time to produce effects. Russia is confronted with
short-term challenges. It is true they have a huge sovereign fund. That gives the
leadership some space. But is it enough? One start getting reports of divergent
approaches within the leadership. These needs to be further investigated.
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