Vladimir Putin has finally encountered two foes he can’t bully or bomb: the global currency and capital markets.
In a humiliating turn of events, the ruble has lost about half its value against the dollar so far this year.
World 
Adnan Abidi/Reuters
Putin Can’t Bully or Bomb a Recession
NYET!
Sanctions and rising oil prices have collapsed Russia’s currency, and there’s not a damn thing he can do about it. In fact, it’s going to get worse.
Trending Now
