It’s ‘Black August’ in Russia, but Putin is sweeping this summer’s crisis under the rug
And in August 2008, Russia went to war with neighboring Georgia, showing the belligerent new face of Putin’s foreign policy.
Over the past few decades, “Black August,” or “the August curse,” has become a sort of journalistic shorthand in Russia for dramatic crises that seem to happen in the last weeks of summer.
In August 1998, a financial crisis hit Russia, causing a default on domestic debt and a collapse of the ruble.
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