by gla22 » Thu May 01, 2014 2:02 pm
Russia's current slowdown is a direct result of the sanctions but as you can see it isn't particularly damaging. The fundamentals are still strong. Russia is a technologically advanced country, is diversified, has critical natural resources, little debt and whose government runs small deficits or surpluses. There has been a moderate drop in stock prices and a mild drop in GDP growth due to sanctions, neither of them are particularly that damaging. If the economy was tanking Putin's approval rate wouldn't be at 80%. Obama's is 41% by comparison.
The U.S. was supposed to grow 1.2% the first quarter of 2014 but only grew .1% on account of the "bad winter."
You can think what you want but sanctions at this point have been ineffective by the standard that you would hope that they'd influence Putin's desc ion making process or make it harder for him to govern.