Economics
Altman Says Putin’s Russia a Weak Country, May Bend to Sanctions
Altman Sees U.S. Wage Gains as Job Market Tightens
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Roger Altman, the investment banker and former deputy U.S. Treasury secretary, said Russian President Vladimir Putin is more vulnerable than people realize to sanctions that will test his population’s patience.
“A lot of people misunderstand how profoundly weak Russia is,” Altman, the co-founder of Evercore Partners Inc., told Bloomberg Television’s Betty Liu in an interview Wednesday, citing a declining population, a hobbled banking system and a currency that has lost about half its value. “Russia is on the edge.”