Why peace in Ukraine won't save the Russian economy

Written by Dr Richard Connolly. Angela Merkel and Francois Hollande's push for peace in Moscow has helped fuel optimism about the prospects for Russia's spluttering economy. On the morning of the meeting, the rouble had strengthened against the dollar and the euro, and both the dollar and rouble-based sections of the Russian stock exchange saw sharp gains. Unfortunately for those in the Kremlin, however, Russia's economic woes are so deep-rooted that peace in Ukraine is likely to offer only temporary respite at best.