The ruble is in crisis hours after a shocking central bank rate hike. and Russian President Vladimir Putin has to find a way to explain the mess. “Putin now needs scapegoats: external and internal,” Geopolitical expert Ian Bremmer told Business Insider over email. “Everything from the US and Europe for sanctions, Ukraine for the fight against Russia, “speculators” for the run on the Russian economy, ineffectual policymakers — PM Medvedev surely at risk here too.” Bremmer noted Russian media parroting of Putin’s narrative, which keeps him ridiculously popular at home, means that “there’s no chance you see serious discussion of …read more
Source: Business Insider