The World


1 | Russia Unintended Consequences

The recent shooting war between Russia and Georgia continued to reverberate as Russia formally endorsed the independence of breakaway Georgian regions South Ossetia and Abkhazia. The clash has had repercussions elsewhere:

1 Unnerved by the conflict, global investors have bailed out of Russian companies, causing Russia's RTS stock index to plunge more than 6% since the invasion began.

2 A high-profile agreement between Russia and the U.S. to open up nuclear markets between the two nations is likely to be shelved.

3 If friction escalates between Washington and Moscow, the U.S. could find itself shut out...

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