socialmedian: Window on Eurasia Shorts for September 6

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Window on Eurasia Shorts for September 6 – Georgian Events

Source: WindowonEurasia

Sep 06, 2008

Summary

Some news items about events in and around Georgia during the last week which have attracted less attention than they deserve:

RUSSIAN ECONOMY HURT BY CAPITAL OUTFLOW. During August, apparently primarily because of Moscow’s invasion of Georgia, capital flight from Russia, estimated to be as much as 22-25 billion U.S. dollars, has had a major impact on that country’s stock market, down 16.3 percent, ruble exchange rate, down 9 percent against the dollar, and inflation, up by more than twice the figure Moscow projected. Along with the falling price for oil, which has reduced the income of Russian exporters, these changes have been sufficient to lead some analysts to predict that Moscow may default on some of its loans or even change its policies in Georgia (babr.ru/?pt=news&event=v1&IDE=47375 and kontury.info/news/2008-09-05-228).

ANTI-WESTERN ATTITUDES AMONG RUSSIANS STRONGEST IN CAPITALS, SIBERIA. A new poll conducted by the All-Russian Center for the Study of Public Opinion (VTsIOM) found that anti-Western attitudes spurred by the Georgian conflict are stronge ...Read the full article

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