Thursday, March 27, 2014

Putin collects his chips

With an IMF deal in the neighborhood of $18 billion on the fast track, and Putin asking for about $16 billion amount in payment for gas much already delivered and other obligations, it would appear that Putin is coming out ahead financially so far on his Crimean adventure.

While President Obama authorized the sale of some of America's Strategic Petroleum Reserve, oil prices seemed to up this morning when I checked.

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