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Itâs clear that Russia is now suffering from ill winds. The country largely avoided the punishment that most of Europe has endured since the 2008 crash and austerity is an unknown concept to the youth. If the rouble doesnât recover soon and if sanctions are made permanent there will be even more serious costs for the Russian people.
Yet few ouside Russia lamented the passing of the century's last failed empire. Even Russians had seen worse. For them, the 20th century had already brought the first world war, with the Bolshevik grab for power, followed by Stalin's self-induced famine, which killed millions.