Can we all agree Vlad blinked when he asked the pro-Russian Ukrainians to postpone their autonomy vote of May 11th, pulled his troops back from the border with Ukraine, and endorsed the May 25th presidential election?
If so, can we agree economics is the dominant reason why?
"While there may be more than one reason for Mr. Putins conciliatory gestures, the main factor seems to be economics, especially the financial interests of the powerful oligarchs that are deeply integrated into the financial networks and institutions of the West, and which are therefore threatened by economic sanctions and geopolitical turbulence.
"According to Forbes Magazines list of world billionaires for 2014, Russia has the third highest number of billionaires (111) after the United States (492) and (China 152) [1].
"Russias financial moguls are mostly former bureaucrats (or their children and cronies) of the Soviet era who quickly became billionaires by virtue of fire-sale privatizations of state industries and other public properties when the Soviet Union collapsed.
"Contrary to the generally industrious and innovative entrepreneurs of the early stages of capitalism in the West, who were sometimes called revolutionary bourgeoisie, Russias oligarchic nouveau-riche have had largely a parasitic economic/financial role.
"By having scandalously ascended to the commanding heights of Russias economy, they have thus made the entire national economy dependent upon and, therefore, vulnerable to the fate or performance of their own fortunes in the marketplace, especially international markets.
"And since their financial fortunes are significantly vulnerable to economic sanction and other threats by Western powers, so is the entire Russian economy."
Putin Blinks in Ukraine Standoff with the US. The Role of Oligarchs? | Global Research