Saturday, January 3, 2009

Russian Gas Cutoff Signals Much-Deserved Desperation

Troubles for Putin's Russia and its energy giant Gazprom, as they get cagey in shutting off supplies to Ukraine. The International Herald Tribune notes:

"[E]nergy experts said that the Kremlin's decision to employ the gambit again in a pricing dispute with Ukraine was an indication as well of Russia's deepening economic woes."

Indeed, as world energy prices fall, Putin and his jackals are increasingly desperate for cash. Let's hope it's just the beginning of their troubles.

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