December 16, 2008
At the turn of the last century, great naval fleets steaming over the Seven Seas was a cause for great pride, or concern, depending on who owned the ships. The same is being thought about the Russian navy as joint naval exercises with
A group of Russian warships will from December 19-23 visit the Communist
"This will be the first visit to
The destroyer Admiral Chabanenko and two other ships will visit
Of course, mentioning the ol’ Cold War days is a way of spicing up the story by conjuring up images of May Day parades, pressed uniforms and shiny medals, and great rivalries. But instead of a decisive marshalling of forces, the Russian naval maneuvering could be more of a screening exercise as falling oil prices damaged the Russian economy, and the Russian stock market has seen government shutdowns.
December 11
Russia could join OPEC, cut oil production
Russian President Dmitry Medvedev refused to rule out on Thursday the possibility of
But financial woes don’t seem to be going away as the Ruble suffers a fall as well:
December 12, 2008
Ruble Suffers Biggest Weekly Plunge Against Euro Since 2000
A Russian official uttered the word for ‘recession’ just a few days ago. Couple that with fears of ‘unrest’ and the squelching of a banned (i.e. illegal) opposition protest in Red Square, sending ships to Cuba maybe the only ‘positive’ distraction the Russian government has left.
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Great post, William; the Russians are HURTING from the drop in oil prices. We should keep the pressure on them, too, in my opinion; they`ve been using their newfound wealth to stick it to us.
Posted by: Timothy Birdnow at December 20, 2008 06:05 PM (q26a/)
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