It seems strange to me that Russia can start acting in such a dangerous fashion and the financial markets seem entirely unconcerned.
If the Global Financial Crisis proved anything, it was that no country was a separate entity any more, the markets are entirely interconnected yet the increasingly mad behaviour of the Kremlin (see below) doesn't seem to be recognised; the S&P 500 is within 1% of it's record high.
I guess the markets are assuming it'll all blow over soon (I do hope they're right) but there is, surely, a chance it won't. Limiting bloggers is a clear step to allow bad things to happen without the news getting out.
So, if the Kremlin thinks bad things are going to happen, why don't the markets?
Russia has been steadily trying to bring the Internet under control with ever-more stringent measures. After tackling general Web sites through powers that allow them to be blocked more easily, it now seems to be the turn of the bloggers, as this report from the ITAR-TASS News Agency on a recently-approved law explains:
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