Wednesday 13 January 2016

Putin stakes no claim to superpower status

Putin stakes no claim to superpower status

As the national economy declines under pressure from sanctions and low oil prices, Russia's president said there are no claims to a role as a superpower for Russia. Lower crude oil prices are hurting the economies of nations like Russia that depend on energy for revenue. The situation for Russia is compounded by economic sanctions imposed in response to the Kremlin's policies in Ukraine, sanctions that limit access to Western markets.
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