Vladimir Putin has too much invested in this standoff – from a geopolitical standpoint and, just as importantly, a domestic political one – to be swayed by sanctions alone. Photo: AFP Vladimir Putin has too much invested in this standoff – from a geopolitical standpoint and, just as importantly, a domestic political one – to be swayed by sanctions alone. Photo: AFP
Vladimir Putin has too much invested in this standoff – from a geopolitical standpoint and, just as importantly, a domestic political one – to be swayed by sanctions alone. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Russia digs in its heels

While initially rattled markets appear to be settling down, the latest sanctions and Moscow's likely retaliatory actions will also hurt Europe

Vladimir Putin has too much invested in this standoff – from a geopolitical standpoint and, just as importantly, a domestic political one – to be swayed by sanctions alone. Photo: AFP Vladimir Putin has too much invested in this standoff – from a geopolitical standpoint and, just as importantly, a domestic political one – to be swayed by sanctions alone. Photo: AFP
Vladimir Putin has too much invested in this standoff – from a geopolitical standpoint and, just as importantly, a domestic political one – to be swayed by sanctions alone. Photo: AFP
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.