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)
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.