Obama presidency to face Russian challenges
Like it or otherwise, the Obama presidency in America will still have to confront with the geopolotical reality that resurgent Russia is now a self-respecting power that sees itself very differently from the self-depracating period in the immediate aftermath of the disintegration of the ex-USSR and the then political, economic and social disorders.Barack Obama under Iranian fire from Tehran
posted by James Wong Wing-On at 4:15 PM
2 Comments:
Unnoticed by many observers, the recent global economic trouble have hurt Russia far more than they have affected the US economy.
The ruble has fallen about 20% in value in the last 4 months - and that's just the official rate. Black market rates are even lower.
Russia has spent about 10 % of its currency reserves defending the ruble.
Russia's party is over, for the moment.
i suppose it would then lessen the russian pressure on america,
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