One-Pager on Latest Developments in Russia
NONSENSE. It's never easy to pick the most idiotic anti-Russian rant but here’s the latest: “Putin’s Russia is one of the most loathsomely misogynistic countries in the world”. Fact: Russia has more women in senior management than any one else. But, it’s Russia, what do facts have to do with it?
RUBLE. Has fallen quite a lot against the USD (but so have most other currencies). Here's an analysis of the pros and cons. But the ruble price of oil is about the same.
SANCTIONS. They’re hurting Russia, but Europe more. Industrial production continues to rise in Russia but inflation is too. In Europe industrial production is down. Remember, it’s not that Russia was such a big market for the EU but that it was about the only one that was growing: Russia can substitute; the EU cannot. So why is Europe ruining itself in such a questionable cause?