The Baltic States towards the end of the second two decades of independence
… as the Baltic States, Russia is now hit very hard by the international depression, due to the country’s dependence on an increasingly rundown oil industry. In the short term this may be good for Baltic security. However, if the current depression worsens, and lasts several years, which is now most likely, it could destabilise Russia politically far further than in the early 1990’s. Russia is far too large and screwed to be helped by an IMF-loan. The final result of such a destabilisation is very hard to foresee.
Continue Reading February 21st, 2009