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Reversal of Fortune; Should Russia be booted out of the West's exclusive club, the G8? Of course not.

Newsweek International

| April 10, 2006 | COPYRIGHT 2006 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Owen Matthews

Peter the Great built St. Petersburg in hopes that its sweeping neoclassical boulevards would prove to a skeptical Europe that Russia was no longer a barbarous Asian principality but part of mainstream Western civilization. As Vladimir Putin prepares to host this summer's G8 summit in the old imperial capital, he faces a similar challenge. Buoyed by a windfall of petrodollars, Russia's president has transformed his country from a dysfunctional, debt-ridden post-Soviet wasteland into a major world economic and political player. All that's missing is recognition from his peers that Russia is a full member in the club of the world's leading ...

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