Independent Strategy

Russia – back to the top table

Putin’s aggression first in Ukraine and now in Syria was roundly criticised. But following the recent terrorist attacks in Paris the terms of debate have shifted. US disengagement and France’s need to behead the hydra that is ISIS mean Putin is now as much ally as adversary. Rewarding aggression never ultimately pays dividends, but the return of Russia to the world stage justifies removing our short rouble currency positions.

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