The risk of a financial crisis in Russia has risen because of a precipitous fall in the rouble in mid-December. Recession, falling living standards and rising economic uncertainty look set to be key sources of political instability over the near term. But despite differences between the economic and security elite, it seems unlikely that financial instability, at its current level, will be enough to produce a political revolution in Russia similar to the one that undid the Yanukovych government in Ukraine in February 2014. However, the desire to avoid such an outcome will continue to inform the actions of the …read more
Source: Business Insider
