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Russia's President Vladimir Putin looks on during the 6th BRICS Summit in Fortaleza as leaders of Brazil, Russia, India, China and South Africa are holding an annual summit in Brazil.
Russia's President Vladimir Putin looks on during the 6th BRICS Summit in Fortaleza as leaders of Brazil, Russia, India, China and South Africa are holding an annual summit in Brazil.
(NACHO DOCE/REUTERS)

GLEN HODGSON

Russian adventurism just solidifying its economic mediocrity

Vladimir Putin’s Russia has spent the past year re-asserting its standing as a global political force. From its UN veto on sanctions in Syria, to the two-week extravaganza of the Sochi Olympics, to its regional aspirations in Crimea and eastern Ukraine, Russia appears to be trying to regain some of its past status. The only problem is that the Russian economy is slowly slipping into mediocrity and will be hard-pressed to support such adventurism.