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"Russian First Deputy Prime Minister Igor Shuvalov put forward the view that, if they last long enough, Western sanctions will be an impetus for modernization.
The very worst thing that the West could do now is to lift sanctions quickly. This would have the short-term effect of telling government officials and the heads of state enterprises that they need do nothing to change.
Russia would be caught in a more stringent liquidity crunch, as it waited for the end of sanctions to take effect, but still could not obtain credit cheaply or quickly. Shuvalov therefore concluded that, "the sooner sanctions are lifted, the worse for Russian modernization."
He went on to list several reasons why conditions are now optimal for Russian modernization: Falling gas prices are forcing Russian producers to be more productive; sanctions are forcing Russian companies to search for new sources of international funding at a time when the emerging economies have more cash liquidity than their Western counterparts; low debt and high cash reserves means that Russian investment programs can continue without foreign borrowing - at most, he said, if further sanctions are imposed, Russia will delay full implementation of current programs for two years.
Comment: For more on the psychopathic government's quest for total information awareness see:
A list of known NSA spying techniques
End of the world? Oliver Stone on Obama's empire, Big Brother's creepiest toys
Big Brother Surveillance - It is not just for governments anymore