Tag Archives: ruble

Russia to fall deep in recession, drag region down: EBRD

Russia will fall into a deep recession following the ruble’s collapse and the sharp decline in the price of oil, and will drag down with it many other countries in the region this year, new forecasts from the European Bank for Reconstruction and Development (EBRD) show.

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Russia faced with ‘a collapse in the currency’

This is the perfect storm for Russia: there are Western sanctions on its businesses, the oil price is falling and now the Federal Reserve has turned off the cheap liquidity tap.

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