Eurasian Union Area

What next for the economy of Russia?

The last weekend saw the media of all sorts full of images of Russian military might on the move, be it soldiers in uniform, ships conveniently in camera range of the coast or armoured vehicles. The Crimea already had both Russian bases and soldiers present but there seems little doubt that there are more of them and they are now present outside the bases. However such military expansionism has already had an impact on the Russian economic situation and back on the 4th of February I pointed out that there were serious challenges ahead for it.