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2:50AM

Bear market reins in resurgent Russian bear

ARTICLE: The Financial Crisis May Curtail Kremlin Plans for Modernizing Armed Forces, By Pavel Felgenhauer, Eurasia Daily Monitor, Thursday, October 9, 2008

Great point. Russia will be forced to spend a lot just to maintain and replace their nuke arsenal. Price of great power-dom.

(Thanks: Mohamed Ibn Guadi)

Reader Comments (1)

Considering that the price of oil has dropped by over half from its peak, one could assume that almost all of the "gross margin" Russia has been wallowing in has gone out the window.

The Medvedev-Putin chimera may or may not find it possible to back off its bellicosity and beggar-thy-neighbour approach and attitude, though. I still expect it to try and overthrow the Ukraine and cut Georgia's pipeline.
October 16, 2008 | Unregistered CommenterBrian H

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