|Page (1) of 1 - 03/04/14||email article||print page|
A day after reminding everyone that Sochi was in the rear-view mirror and that the real Vladimir Putin was back, the modern day ‘czar¯¯¯ of Russia eased off his hard stance today, claiming he doesn¯¯¯t want to use force in Ukraine but reserving the right to do so. Russia maintains it¯¯¯s forces in Crimea, but is sending troops at the border back their bases after ending a “military exercise.” Although Putin doesn¯¯¯t really have much to fear in terms of retribution for making mistakes within his own country, the markets were giving him a different story, as Russia¯¯¯s MICE index tumbled a whopping 10.8% yesterday. Recovery in markets abroad, and here in the states, have essentially brought us back to the status quo.
|Why Putin's Ukraine Gambit Meant Nothing|
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