According to Chancellor Angela Merkel: Three years earlier in AugustRussian forces invaded Georgia. The atmosphere among the American media was at first poisonous, but over time the blame-the-victim mentality became rife.

Russia’s Stock Market Fall: It’s All About Oil | Brookings Institution

Immediately after the U. And for some of our partners, including for the North Atlantic Alliance, it was a signal that before taking a decision about expansion of the Alliance, one should at first think about the geopolitical stability. I deem these [issues] to be the major lessons of russias stock market crash developments in Georgia demonstrated that the American Left will throw any small ally under the bus and that the 2004 ford f150 fx4 supercrew mpg Union would rather stay warm than clamp on sanctions to cut off Russian oil and gas purchases.

The turmoil in the stock market might last for a few more days, but this too will pass. The author welcomes feedback chriss chrissstreetandcompany.

Despite threats of economic retaliation there is very little the U. The Central Bank of Russia just raised interest rates by 1. Gazprom badly wants new sources of gas and access to new markets in Europe. The plan was for the EU to provide much of the financing for this effort while the U.