international banking
March 31, 2013
The setback was so striking that President Vladimir Putin picked up the phone at 4 am on Thursday and ordered a surprise drill of 36 Russian Navy ships in the Black Sea. The political goal was to flood Russian TV news with images of pretend naval heroics in the Black Sea. Ideally, this would distract attention from Russia’s real defeat in the neighboring Mediterranean Sea last week, when the financial currency controls froze as much as $30 billion in Russian deposits on the island.