The Dark Side To Putin's Push For Free Trade With Europe

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Yesterday Vladimir Putin penned a magnanimous editorial in the Süddeutsche Zeitung calling for an era of free trade and cooperation with Europe.

Germans are responding today with extreme scepticism, according to a Spiegel article that quotes various German papers.

Here’s why:

  • Russia has authoritarian policies like forcing investors to open local factories
  • Russia is a commodities superpower looking to lock down a market
  • Half of Russian trade involves the EU, but the EU trades as much or more with the US, China and Switzerland, so it’s not a fair trade

Russia’s economy become more and more dependent on energy exports, which, in the case of oil, won’t last much longer.

Read more: Why Russia Is Toast >

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