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Monday, February 26, 2007

Russia Makes A Comeback

  Everyone thought that the Russia of old was dead on gone after Boris Yeltson, the economic collapse and other ailments that buried Russia very deep into a hole.

   But such is not the case as Martin Sieff (UPI ) points out in an interesting story on the rise of Russia with the help of it's energy holdings and a few of it allies, which include Iran, India and China among others.

Yet under President Vladimir Putin, Russia over the past seven years has recovered from its chaotic decade of powerlessness, economic collapse and humiliation under President Boris Yeltsin. It has become a formidable energy superpower whose annual revenues from its exports of oil and gas are greater than those of Saudi Arabia. And in terms of having allies who have serious military power in their own regions, it is arguably much less isolated than the United States.    Original Article

   It is ironic that while Bush has helped most of the rest of the world hate the United States, Russia is being welcomed by more countries as friends.The United States is in for a rude awakening, I'm afraid.

 

 

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