• 25 Apr 2014 at 10:15 AM

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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Comments (8)

  1. Posted by Yakov | April 25, 2014 at 10:26 AM

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

  2. Posted by Guest | April 25, 2014 at 10:31 AM

    in Soviet Russia, rates raise you.

  3. Posted by Whale Penis Lamp | April 25, 2014 at 11:00 AM

    In Soviet Russia, Soviet Russia

    -Russia

  4. Posted by Patterns | April 25, 2014 at 11:38 AM

    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. Posted by Dr, Evil | April 25, 2014 at 11:53 AM

    in 1999, crude was around $10 a barrel. we can make it go back there again….

  6. Posted by guest | April 25, 2014 at 12:33 PM

    It's a MAD world.

    – Vlad

  7. Posted by Quant me maybe ... | April 25, 2014 at 12:47 PM
  8. Posted by Guest | April 25, 2014 at 4:28 PM

    Kim Yong Eun is the Jon Shazar of international evil.