The Downing of MH17 – A Distressingly ‘Happy’ Error for Putin and the Russian Economy

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The Downing of MH17 – A Distressingly ‘Happy’ Error for Putin and the Russian Economy

The Downing of MH17 – A Distressingly ‘Happy’ Error for Putin and the Russian Economy
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The Downing of MH17 – A Distressingly ‘Happy’ Error for Putin and the Russian Economy

by TheStreet 2:20 mins

The Downing of MH17 – A Distressingly ‘Happy’ Error for Putin and the Russian Economy

by TheStreet 2:20 mins

Dan Dicker, energy expert at thestreet.com talks with Jim Cramer about the downing of Malaysian Airlines flight 17. Many coincidences have left Dicker wondering just how big a ‘mistake’ it was for Russian Separatists to have shot down the Boeing 777. Ratcheting sanctions from the United States and a sinking oil price were putting immense pressure on the Russian economy, but since the jet’s loss, oil has strongly rallied and Europe again seems cowed in their approach to a pro-western Ukrainian government. If Putin did not give a direct order for the missile’s launch, he was far less than unhappy at the results, Dicker says.

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