The Moscow Times, January 21, 2015: https://www.themoscowtimes.com/2015/01/21/obama-says-western-sanctions-have-left-russias-economy-in-tatters-a43069
Before going “back to the future” in 2015, here is the ₽-USD exchange rate – note the recovery to date.
Obama Says Western Sanctions Have Left Russia’s Economy ‘In Tatters’
U.S. President Barack Obama in his State of the Union Address on Tuesday said Western sanctions had left Russia isolated and its economy “in tatters.”
Speaking before the country’s Congress in Washington, Obama hailed 2014 as a year in which the U.S. had defended “the principle that bigger nations can’t bully the small,” referring to Russia’s role in the Ukraine crisis.
“Today, it is America that stands strong and united with our allies, while Russia is isolated, with its economy in tatters,” Obama said, according to a transcript of the speech published by the White House.
The U.S. and its allies have imposed several rounds of sanctions against Russia in response to its annexation of the Black Sea Crimea peninsula and the country’s support of pro-Kremlin separatists fighting in eastern Ukraine.
Low oil prices and Western sanctions have put Russia’s economy on course for an economic recession this year, with Finance Minister Anton Siluanov saying in December that the economy could shrink by 4 percent in 2015.
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Don’t you know the crime rate is going up, up, up, up, up
To live in this town you must be tough, tough, tough, tough, tough!
You got rats on the West Side
Bed bugs uptown
What a mess this town’s in tatters, I’ve been shattered
My brain’s been battered, splattered all over Manhattan
Sha oobie, shattered, shattered, what say
Sha oobie, shattered
Sha oobie, shattered
Sha oobie, shattered
Uh-huh, this town’s full of money grabbers
Go ahead, bite the Big Apple, don’t mind the maggots, huh
Sha oobie, my brain’s been battered
My friends they come around they
Flatter, flatter, flatter, flatter, flatter, flatter, flatter
Pile it up, pile it up, pile high on the platter
Econophysics2020 