A RELATIVE hiatus in the fighting in eastern Ukraine (at least until this week) and a relative stabilisation in the Russian economy are prompting two questions. Is the worst of the war over and might better economic news calm the Kremlin—or is this a lull before a new storm?
The economic situation is not as bad as many predicted four months ago. Having lost half its value, the rouble has stabilised and even started to strengthen, thanks in part to a recent rise in oil prices. Inflation is running at 17% but is rising more slowly than many feared. Instead of …read more
Source: The Economist
