The cost of war
The cost of war
In August, the first war for a decade took place in Europe, as Russia invaded Georgian territory. Since then, Russia has faced its worst financial crisis since the 1998 debt default. emeafinance editor Julian Evans looks at the economic costs for Russia of its military adventure in Georgia.
The Russian government has a siege mentality right now. A government official tells me a story: “I overheard two senior members of the government talking to each other in September. One of them said ‘you know, if this situation gets worse, we might not even be able to visit the west. No holidays in the south of France, no British schools for our kids, no visits to see Chelsea play in London.”
Restricted Access
To read the full version of this article you must be subscribed to emeafinance.
Subscribe Online
If you are not a subscriber, you can sign up for an annual subscription or a 7 day free trial.

Subscribe online now for emeafinance

Istanbul - March 17-18, 2010
4th Annual Turkey Trade & Export Finance Conference

Riyadh - April 19, 2010
Saudi Arabia Trade & Export Finance Conference

London - May 12, 2010
7th Annual Emerging Markets Trade & Political Risk Conference

Rome - May 18 & 19, 2010
7th Annual Trade & Supply Chain Solutions Conference

New York - June 9, 2010
6th Annual Innovations in Trade Finance Solutions


