Why chaos in Russia could spell trouble for the global economy | Analysis
That’s what it nearly got this weekend as disaffected Russian mercenaries marched toward Moscow, drawing a stark warning from President Vladimir Putin that the country was on the brink of a 1917-style “civil war.” The armed insurrection has been defused — for now — but the most serious challenge to Putin’s authority in 23 years could still usher in a period of turmoil and change. “Putin has total chaos now,” Yale professor and Russia expert Jeffrey Sonnenfeld told CNN.
Stern challenges must be addressed,” general manager Agustin Carstens told the annual general meeting of the BIS in Basel. Signs that global energy demand could weaken this year as economies slow have pushed US crude prices down by nearly 14% so far this year to just under $70 a barrel. The international benchmark — Brent crude — is down by a similar margin.
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