Putin's Economic Weakness (Milton Ezrati) from the National Interest
"Putin’s problem is that Russia has become a petro economy. It depends on the sale of oil and gas for the bulk of its revenue and so for just about everything else it needs. It is a weak position to say the least. ... Putin doubtless knows well that if he had to make good for very long on his threat to cut off the oil and gas flows to Europe, Russia would quickly face ruin."
"Putin’s problem is that Russia has become a petro economy. It depends on the sale of oil and gas for the bulk of its revenue and so for just about everything else it needs. It is a weak position to say the least. ... Putin doubtless knows well that if he had to make good for very long on his threat to cut off the oil and gas flows to Europe, Russia would quickly face ruin."
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