Popular News From Popular Sites: Putin's Ukraine gamble hastens exodus of Russian money and talent

Wednesday, August 13, 2014

Putin's Ukraine gamble hastens exodus of Russian money and talent

Putin walks down the stairs upon his arrival at Belbek airdrome near the Crimean port of Sevastopol By Guy Faulconbridge, Shadi Bushra and Jack Stubbs LONDON (Reuters) - The Kremlin's worst clash with the West since the 1991 collapse of the Soviet Union has accelerated the outflow of two of Russia's most prized assets: money and brains. Vladimir Putin's annexation of Crimea and support for rebels accused of shooting down a passenger plane over Ukraine then hindering the recovery of the 298 bodies have shredded Western hopes of a lasting alliance with Moscow. Sanctioned by the United States and European Union, Putin's courtiers are under fire, Russia's $2 trillion economy is threatened with isolation and millions of Russians across the world are wondering what next. Russia is still earning much-needed revenues from pipelines carrying oil and gas to the West, but, less happily for the Kremlin, capital and talent are flowing in the same direction.




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