WISHFUL THINKING, MERKEL REALIZES THAT ANY SANCTIONS WILL BACKFIRE - TopicsExpress

WISHFUL THINKING, MERKEL REALIZES THAT ANY SANCTIONS WILL BACKFIRE ON EUROPEAN ACCESS TO RUSSIAN OIL AND GAS Russia’s oligarchs were in crisis mode even before Vladimir Putin invaded Ukraine. They must be in panic mode now. Last year, capital flight by Russia’s elite — the money they send out of the country — amounted to about $15.5-billion. In January this year, another $4.2-billion flew out of Russia. Financial analysts believe on the back of the Ukraine invasion that number has soared. It is just one indication of where the Russian president is extremely vulnerable — the economy. news.nationalpost/2014/03/07/natural-gas-is-new-weapon-in-a-new-cold-war-how-economic-sanctions-could-bring-russias-putin-to-his-knees/

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