Pinching rubles: A bleak prognosis for the Russian economy
Russia is in the midst of a lost year, with stark economic stagnation and the lowest growth rate since a crippling recession in 2009, according to a new analysis released by the World Bank. With low oil prices persisting since mid-2014, Russia’s oil revenues have plummeted and capital flight has become a growing problem as exporters … Continue reading Pinching rubles: A bleak prognosis for the Russian economy