Monday, 29 December 2014

The Bear Squeezes Back: Russian Ruble Rises against the Dollar

Russia forecasts economic slump as bailed By Darya Korsunskaya and Vladimir Abramov MOSCOW (Reuters) – Slumping oil prices have put Russia's economy on course for a sharp recession and double-digit inflation next year, government ministers said on Friday, as authorities scaled up a bailout for the first bank to succumb to this month's ruble crisis. […]

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from The Russophile