Russia Is in No Economic Shape to Fight a War

The Moscow Times publishes an opinion editorial by Anders Åslund, a senior fellow at the Peterson Institute for International Economics in Washington, stating that Russia is likely to be highly vulnerable to financial sanctions. The article argues that the impact of the Kremlin's aggression against Ukraine on the Russian economy will be powerful and multifaceted. The rouble exchange rate will plunge, while inflation and interest rates will rise, reducing investment and consumption.

Tuesday, April 22, 2014