The Observer’s view on Putin’s Russia - fru kammerherreinde - her går det godt

Russia’s economy has been badly hit

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16/11/2014

Russia’s economy has been badly hit.

Foreign investment has slumped as confidence crumbles.

Russia’s central bank recently downgraded its growth forecasts again and said capital flight was approaching record levels.

he rouble, has lost almost 30% of its value this year, prompting sharp price rises.

Despite new oil and gas export deals with China, the regime is running on empty as international oil prices drop.

And polls suggest most Russians do not believe Ukraine is worth fighting for.