Meantime, both the rouble and the Russian economy continue to weaken. Sanctions haven't helped, but the decline in global oil prices is probably more important. With additional Russian support reportedly rolling into the Ukraine, I can't help the uncomfortable feeling that external adventures are often seen as an anodyne for domestic troubles. I note here reports that Russia appears to be gearing up for a propaganda war.
The decision by China and the US to strike a deal on capping green house gas emissions has understandably been greeted with some joy in Australia by the Labor Party and Greens.I have the perhaps unworthy suspicion that the joy is due more to the politics of it than to any emission cuts as such.