Although I can’t embed the video here, I recommend jumping over to the Business News Network to watch this interview with Rachel Ziembra, a senior analyst with Nouriuel Roubini’s group, talking about whether or not Russia can hang on to its status among the BRIC economies.
Ziembra says: “Russia’s real challenge is that it is not a diversified economy. The vast majority of investments in Russia are in the energy sector, and it still dominates the revenue outlook, so that I see as a risk.“
The host of the interview responds: “If Russia were to be given the boot, as it were, from BRIC, who would be the one chosen to tell Vladimir Putin?“