Russia is in an economic crisis—the result of U.S.-led sanctions, the Saudi attack on oil prices and the underlying weakness of the Russian economy.
With the collapse of the Russian ruble, Vladimir Putin has been backed into a corner with few options—all of them bad.
Only a small fraction of Russia’s nuclear arsenal would be needed to reduce American cities to rubble. Yet the U.S. government treats Russia with less caution than it does North Korea.
I do not think that Vladimir Putin would intentionally launch a nuclear war, any more than Barack Obama would. But I think their policies bring about a situation in which an unintentional nuclear war is highly possible.
I think President Obama is more to blame for this than President Putin. For the United States, the stakes are geopolitical advantage. For the Russian Federation, the stakes are the independence of the nation.
The United States command and control systems are much more lax than they were in the era of Curtis LeMay and the Strategic Air Command. I don’t know about the Russian Federation, but it wouldn’t surprise me if things were just as bad or even worse over there.
Nuclear war was narrowly averted several times during the Cold War through good luck and cool heads both on the US and Soviet sides. The world can’t count on being lucky forever.
And even if the worst is averted—this time—the world will never be safe until the world’s nuclear powers disarm, starting with Russia and the USA. The current crisis has eliminated the possibility of disarmament for at least a generation.
President Putin is a tough and ruthless statesman, but a sane one. If he is driven from power as a result of the crisis, his replacement may not be so sane.
I do not think that President Putin would throw his nation on the mercy of the US-dominated International Monetary Fund for a financial bailout. The history of IMF bailouts shows that they involve a loss of national independence, and public sacrifice in order to pay off international creditors.
I think it far more likely that he would throw Russia on the mercy of China. This would throw open Russia as well as Central Asia to be hinterlands of natural resources to support China’s growing industrial power.
President Putin some years back, which he was seeking recognition of Russia as a respected great power, proposed an integrated European market stretching from Lisbon to Vladivostok. That’s no longer on the table. Now the most likely prospect is a Chinese-dominated integrated Eurasian market stretching from Beijing to Berlin.
Russia Tries Emergency Steps for Second Day to Stem Ruble Plunge by Ksenia Galouchko, Vladimir Kuznetsov and Olga Tamas for Boomberg News.
It’s Not Just Oil and Sanctions Killing Russia’s Economy: It’s Putin by James Miller for The Interpreter.
The bleakest winter by Ed Conway for Medium. The six downward steps in a typical currency crisis. Russia is at step four.
Eurasian Integration vs. the Empire of Chaos by Pepe Escobar for Asia Times. (via the Unz Review)