The prevailing view in the West Wing, though, is that while Mr. Putin seems for now to be enjoying the glow of success, he will eventually discover how much economic harm he has brought on his country. Mr. Obama’s aides noted the fall of the Russian stock market and the ruble, capital flight from the country and the increasing reluctance of foreign investors to expand dealings in Russia. They argued that while American and European sanctions have not yet targeted wide parts of the Russian economy, they have sent a message to international businesses, and that just the threat of broader measures has produced a chilling effect. If the Russian economy suffers over the long term, senior American officials said, then Mr. Putin’s implicit compact with the Russian public promising growth for political control could be sundered.
Posted on: Sun, 20 Apr 2014 13:40:13 +0000
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