If the West Wants to Hurt Putin, Could Saudi Arabia Do Its Dirty Work?

THE GUARDIAN – ECONOMICS BLOG: Europe depends on Russian oil and gas exports, so an embargo may not be practical. But there is another way to apply pressure

Russia is vulnerable to sanctions. Economic weakness caused the collapse of the Soviet Union a quarter of a century ago and – the self-enrichment of the oligarchs apart – not much has changed since. Energy exports to the rest of the world pay for imports of machines and consumer goods. The population is ageing and there has been little industrial diversification. » | Posted by Larry Elliott | Wednesday, March 26, 2014