Wednesday, August 15, 2007

Russia Holds Vast Mineral Resources - Problem? Probably Not Yet

I know that Russia holds vast natural resources, and could use them as political weapons, as this short story implies. I think they will, to some extent, but ultimately they need to sell the stuff for it to be worth anything to them. Their basic economic infrastructure is so weak that they need to sell raw materials to stay afloat.

This will worry me in 10 years, if Putin manages to turn things around (which part of me doubts), but for now I think we'll see a great deal of saber rattling but a fair amount of selling as well.

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