[Marxism] Fwd: Russia in Crisis: the Agonies of the Oil Empire | LeftEast

Louis Proyect lnp3 at panix.com
Sun Feb 7 07:11:58 MST 2016

In the attempt to maintain the existing balance of forces, the regime 
must revisit their foreign policy of the past two years, including the 
war that is still dragging on in Ukraine, conflict with the west and the 
developing military engagement in Syria. Moscow is already taking active 
steps toward the removal of US and EU sanctions. For the first time 
since the moment that Russia annexed Crimea, direct negotiations over 
the fate of Donbas began in Kiev in between Ukrainian president 
Poroshenko and Russian representative Boris Gryzlov (a member of Putin’s 
inner circle of “friends”). This meeting was followed by an hours-long 
consultation between the Kremlin’s main “facilitator” of Ukrainian 
affairs and Assistant US Secretary of State Victoria Nuland. The repeal 
of the sanctions is necessary for the Russian government, among other 
reasons to enable large-scale foreign loans to augment depleted national 
financial resources. Dependence on oil prices could soon be completely 
replaced by another dependency—this time on international creditors.

All of this means that Russia is on the threshold of serious changes, 
which in the short term indicate an end to “Putinism” as a system—at 
least as we have known it during these “fat” years.


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