Monday, September 29, 2014
Nouriel Roubini maps out the Kremlin's plan for a re-divided world. Putin's Eurasian Union Plan
That ambition is not difficult to discern. Putin once famously observed that the Soviet Union’s collapse was the greatest catastrophe of the twentieth century. Thus, his long-term objective has been to rebuild it in some form, perhaps as a supra-national union of member states like the European Union.
This goal is not surprising: declining or not, Russia has always seen itself as a great power that should be surrounded by buffer states. Under the Czars, Imperial Russia extended its reach over time. Under the Bolsheviks, Russia built the Soviet Union and a sphere of influence that encompassed most of Central and Eastern Europe. And now, under Putin’s similarly autocratic regime, Russia plans to create, over time, a vast Eurasian Union.
Read more at http://www.project-syndicate.org/commentary/nouriel-roubini-maps-out-the-kremlin-s-plan-for-a-re-divided-world#rOHpDSKD5CgciiUt.99
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics