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Old 06-07-2008, 10:21 PM   #10
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So you're suggesting this is a matter of renewed nationalist sentiment?

I think that might be a factor, but it can't be a major one, in my opinion. Importance on the world stage is no longer dictated by military might, but instead by economic might. Imagine the national embarrassment felt after the default of Russian debt in 1998. Now the government is awash in more money than it knows what to do with.

Maybe you're referring to something more akin to the leverage associated with Russia's natural gas monopoly and the implications on its relationship with Europe. That's geopolitics, alright, but it's got $$$ written all over it. No one's going to start a war over it.

On the whole, I think Russians are simply hopeful - for the first time in a long time - that the country is back on track to achieving "developed" status.
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