Putin speaks for more than 3 hours answering 53 questions in the process. The Russian currency continues to fall whilst becoz of over reliance on Oil and gas revenues. I am really disappointed tht Russia failed to copy and paste Arab Sheiks effective policies of diversifying their Economies. The Arabs have built Real Estate sectors tht rival NY, London etc, they have developed a Trading hubs, developed as Global Financial players and built supporting infrastructure. They have built leading Airlines such as Emirates, Etihad , Qatar etc, Building impressive world leading Medical Centers using oil money .What did the Russians do with their Petro Dollars ? Now Obama is blocking Russia from ever being near Cuba with his dramatic policy shift and Russia appears destined for further hardships with their Bond coins aka Rubles depreciating at an Alarming pace
Posted on: Thu, 18 Dec 2014 19:22:16 +0000
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