Contrary to what he would like us to believe, things are going very poorly for Vladimir Putin these days. Having found the West more united than he expected on the issue of sanctions against Russia, he now discovers that the bottom has fallen out of the international oil market. As if that were not enough, he also finds Europe nixing his pet Southstream gas pipeline, supposed to run under the Black Sea, which he had hoped would increase Russia’s energy stranglehold over Ukraine and the rest of Europe.But before we indulge in too much glee over Putin’s discomfort, we should …read more
Source: American Enterprise Institute for Public Policy Research