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Putin promises economic recovery to worried Russia

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How? starting a war, selling nuke to terrorists and extremists, shutting down opposition with iron clad, or sending out more KGB to poison others? It is a trademark of dictatorship as Russians pay heavy prices against the path to freedom.

6 ( +9 / -3 )

It is a trademark of dictatorship as Russians pay heavy prices against the path to freedom.

Is it the American dictatorship making Russians pay the price then? Or is NATO one big dictatorship?

I detest Putin, but a significant number of people in eastern Ukraine want to be independent and allied with Russia, or be part of Russia. But instead of hold up the principal of self-determination, the West decided to arm the Ukrainian military against them. Putin making a tit-for-tat move was totally predictable. Yet, Russia gets economic sanctions for it. And this is unlikely to hurt Putin. Ordinary Russians will suffer.

And I predict the Ukrainian government won't win out over the rebels anyway. This conflict is just needless waste on all sides.

-3 ( +5 / -8 )

How long will putin be in power? Another 15 years?

1 ( +3 / -2 )

As an American who grew up with fear of communism and of Russians because of the McCarthy doctrine, and who served in the Marine Corps, the Air Force, and DoD, it would be natural to believe everything that gets published in the news. Not anymore. Everything is so manipulated, to the point we are being controlled with the media. One of our war heroes, Smedley D Butler warned us about it. Even Thomas Jefferson warned us about it. It is not a coincidence that the price of oil went down, yet gas prices are not proportionally lowered. The main reason is to bankrupt Russia.

6 ( +8 / -2 )

"Putin admitted that Western sanctions over Moscow’s involvement in the conflict in Ukraine...contributed “25-30 percent” to the economic turmoil."

And the other 70-75% of economic turmoil? Probably oil prices which I assume he'll ultimately blame on a US and European conspiracy.

But more revealing is:

"In a hugely bold interview with Vedomosti business daily published Thursday, economy minister Alexei Ulyukayev admitted that the government lacked a coherent plan to deal with the crisis.I guess we found ourselves in a perfect storm, and I guess it’s not an accident,” he said. “Because in some way we prepared this storm ourselves..."

2 ( +3 / -1 )

Putin ain't got no friends. Poor baby.

2 ( +3 / -1 )

he didn't regret letting his archrival Mikhail Khodorkovsky out of prison last year.

This isn't something world leaders do. This is something movie super-villains do.

1) Having "archrivals"

2) Deciding whether or not their "archrivals" go to prison, and when they get out

6 ( +6 / -0 )

Putin admitted that Western sanctions over Moscow’s involvement in the conflict in Ukraine—where 4,700 people have died in fighting between Kiev’s forces and Moscow-backed separatists—contributed “25-30 percent” to the economic turmoil.

Guess all the folks here on JT saying Obama and his sanctions were too weak and would have no effect should have waited a little longer to let all the chips fall. But, then again, folks on the right, like their hero George W. like to "Ready...Fire...Aim" anyway.

2 ( +6 / -4 )

I trust that Putin will prevail and manage to save Russia from the jaws of the evil empires. Hope they all brake their rotting teeth while trying to byte of pieces of Sibirian permafrost. Japan should keep out of this since in the long run Russia can be much better friend than any of the colonialist NATO dictators.

-5 ( +0 / -5 )

@Zvonko Alol. The only ones that are going to be biting permafrost are Russians.

3 ( +3 / -0 )

http://rt.com/uk/215579-uk-oil-industry-crisis/

-5 ( +0 / -5 )

And the US oil companies are trying to produce more oil to sell overseas. Both the EU and US are trying to drop their reliance on oil (which is eventually going to run out anyway....).

0 ( +0 / -0 )

The strange financial deal of Rosneft, a major, "private" oil company, tells much. Rosneft had asked for $40 billion from Russia's sovereign wealth fund to repay foreign currency debt, but the government didn't have sufficient foreign exchange. Instead, several "private" banks were directed to buy ruble-denominated bonds in the amount of $40 billion at an interest rate well below market. These banks were then allowed to use the bonds as collateral to borrow an equivalent amount of money from the Central Bank. Meanwhile, Rosneft presumably used the rubles to buy foreign currency with which to repay its debt, a major cause of the recent ruble plunge.

If Rosneft defaults on its debt, the banks will be on the hook for the full amount - unless, as the Central Bank has already accepted them as collatoral, it decides to forgive the debt, thus vastly inflating the Russian money supply.

We can probably expect to see similar deals in the future as Putin attempts to prop up his cronies. The result will be a further plunge in the ruble and very high inflation in Russia.

2 ( +2 / -0 )

Funny how he sounds like "Abe" promising the same ^^

0 ( +0 / -0 )

Now, Putin is just an old crazy KGB spy..What else he can do? He just talk and claim the west not about himself....

4 ( +4 / -0 )

When factoring in all 28 member countries that comprise NATO, the average spending on defense is a miniscule1.5% of GDP. President Putin is barking up the wrong tree. Lobby any Russian banker resident in London, the Russian people have more to fear from the Kremlin than the EU. UK and France have cut back on defence spending to such a degree they have been considering sharing just two aircraft carriers. It ludicrous nonsense to suggest any threat to Russian sovereignty from the west. President Putin only has himself and his blinkered Soviet style foreign policy to blame for the economic chaos being heaped upon Russia, whose people I have nothing but respect and sympathy for.

4 ( +4 / -0 )

@Zvonko

You know Japanese netizens are obsessed with Putin and Russia, right? Yes, Japan and Russia have a territorial dispute but many Japanese believe we can take our time and strengthen our friendship.

Political power game makes it hard but many people of the world just want to live peacefully without being a nosy neighbor to each other.

0 ( +0 / -0 )

Now would be a good time for Putin to give back the Japanese islands that the Russians stole at the ened of WW2.

2 ( +2 / -0 )

Putin promises economic recovery to worried Russia

Let me guess, he will give Communist China land in exchange for much needed cash.

Russia is about to collapse.

0 ( +1 / -1 )

1 As for palace coups, calm down,” Putin said in response to a question about whether he could be ousted. “We don’t have palaces; therefore we cannot have a palace coup.

Yes it is so - any attempts to change power in Russia from outside now useless.

Russia is not third world country / banana republic like Ukraine

despite the West toughened sanctions on Thursday

Almost whole 20th century Russia lived under sanctions - so nothing new

Business as usual

that oil prices could keep falling

1 They can't - too much consumers incl China and India (and both these 2 giants have not oil fields)

2 Russia is not Saudi Arabia or Kuwait - the most of population are not related to oil industry

0 ( +0 / -0 )

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