Quote Originally Posted by Firn View Post
Sounds like Putin is trying to prepare 'his' people for some economic sacrifice for the greater good and proper needs of Great Russia. The state's balance sheet is pretty strong but the foundations of the economy and it's prospects are quite shaky. We will see how the GDP will shrink according to neutral analysts.
Firn---yesterday they were again unable to place a 200M USD Bond offering and pulled it back---the fourth failed attempt in the last three months---risk rates were to high for their CB.