Eng
Esp

Copyright © 2024 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

‘As long as Trump’s in the White House, Putin will remain in the Kremlin,’ Nemets says

byPaul A. Goble
22/04/2018
2 minute read
A meeting between Vladimir Putin and US President Donald Trump took place on the sidelines of the G20 summit on July 7, 2017. (Image: screen capture)
A meeting between Vladimir Putin and US President Donald Trump took place on the sidelines of the G20 summit on July 7, 2017. (Image: screen capture)
‘As long as Trump’s in the White House, Putin will remain in the Kremlin,’ Nemets says
Edited by: A. N.

Many Western and some Russian commentators have seriously misread what the new American sanctions have done to the Russian stock market and ruble exchange rate, US-based Russian analyst Aleksandr Nemets says. Yes, those sanctions initially pushed down both, but both have largely recovered.

Moreover, the threat of any additional sanctions appears to have passed as has the threat that Russia would be cut off from the SWIFT payments system, something that would have had a most serious impact on the Russian economy and its ability to do business.

Consequently, Nemets continues, all the media hype notwithstanding, it is a profound mistake that Moscow now is mired in “fear and despair.”

Russians were initially genuinely frightened that the sanctions imposed earlier this month would be expanded upon, but when they saw that was not the case, they breathed a sigh of relief, not despair.

There are two reasons why the Russian equities market and ruble exchange rate, after taking an initial hit, have come back: oil prices continue to rise, and “talk about new sanctions still remains just that, talk.” And what Moscow feared most, being cut off from SWIFT, now is not likely to happen.

Nemets cites with approval a comment by the Bloomberg news agency that this reflects Moscow’s judgment about US President Donald Trump. “Trump,” it says, “is the most valuable Putin resource. It is crazy to deny this. And Putin will take care of Trump and not even try to use the mountain of compromising information he has about him against him.”

The reason is simple, Nemets argues: “as long as Trump sits in the White House, Putin will confidently keep control in the Kremlin; and the world will become ever more chaotic.”

Read More:

Edited by: A. N.
You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here



    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts