Vladimir Putin Laughs At Your Puny Sanctions

The would-be czar of “New Russia” doesn’t even need a stimulus plan to keep things running.

Russian President Vladimir Putin has shelved a plan to boost government spending to revive the stalling economy, according to three people familiar with the discussions….

Capital flight arising from the Ukraine crisis has hit Russia’s already-slowing economy hard, and it could slip into recession this year.

But Mr. Putin’s decision suggests the Kremlin believes the situation isn’t yet bad enough to dip into the $175 billion Russia has saved in its rainy-day funds, or even to set aside a smaller amount of the petrodollars the leading global oil exporter gets.

Russia’s Putin Drops Plan to Boost Economy Through Spending [WSJ]

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8 Responses to “Vladimir Putin Laughs At Your Puny Sanctions”

  1. Yakov says:

    In S&P office, you downgrade Russia
    In Soviet Russia, Russia downgrades you

  2. Guest says:

    in Soviet Russia, rates raise you.

  3. Whale Penis Lamp says:

    In Soviet Russia, Soviet Russia


  4. Patterns says:

    It's a waste of time demonizing this guy. This isn't North Korea. This is a people controlling thousands of nuclear weapons that could obliterate the United States, and a third of the world's land surface. Far less rigid than the the Communists that ran the Soviet Union whom we regularly negotiated with. We have no choice but to deal with them.

    This will blow over and their will be a rapprochement in about two years.

  5. Quant me maybe ... says:

    You think a guy this manly really cares what we think?

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