The Forbes contributor makes one other excellent point. Whereas the Soviet Union was essentially economically self-sufficient when it invaded Czechoslovakia in 1968, or Hungary in 1956, Putin’s Russia is decidedly not, as the data above make clear. It is fully integrated into world trade markets as well, something that offers the West real leverage. Peter Weber has neatly laid out the steps the West can take, and why they can cripple the Russian economy.
Vladimir Putin may be “out of touch with reality,” and “in another world,” as German Chancellor Angela Merkel noted after speaking with him. In this world, however, money talks, and money may well prove to be what reins in the man who would recreate the Russian Empire.
PS-I just found this photo on Facebook:
Translation: “Supporters of Putin—with him you will not be speaking in Russian, but will be silent in Russian.”