Signalen komende recessie Rusland steeds sterker
President Vladimir V. Putin grew wildly popular by making Russians richer every year and by vowing to restore their country’s great power status. But now, with the government predicting Tuesday that the battered economy will fall into recession next year, that formula is in jeopardy.
Every day brings a barrage of woeful economic news. World oil prices just hit a five-year low. The Russian ruble is down 40 percent against the dollar so far in 2014. Inflation is due to rise 9 percent this year and to continue climbing. Capital flight is expected to reach $128 billion. […]
Mr. Putin has already shelved planned megaprojects, like the South Stream pipeline to ship gas to southern Europe, which was canceled on Monday, and a high-speed railway from Moscow to Kazan, a city east of the capital.

