Russia's War Against Ukraine
OP-ED
Peter Pomerantsev: Russia’s ‘era of excess’ ending with fallen ruble
A woman walks under a board listing foreign currency rates against the Russian ruble outside an exchange office in central Moscow, on Dec. 17, 2014.
Russia seems to be in for a bout of economic free-fall at the moment, thanks to tumbling oil prices and a severely battered ruble. That hasn't fazed President Vladimir Putin, though, who said in his year-end media conference last week that his country has seen worse times and will bounce back within two years.
