The Georgian Cease Fire and the Markets


Or, did economic pressure actually work?

Reuters reports that the Russians have halted operations ahead of their meeting with Sarkozy, and have softened their stance on the President of Georgia’s resgination. Link

The article tries to draw a connection between the collapse of the rouble and the Russian stock market and Russia’s cease fire. It’s an interesting point, since the tumble began when Russia launched its offensive into Georgia, and a rally’s begun with the end of fighting, not to mention oil’s continued drop despite the region’s importance.

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