Pages

Tuesday, February 17, 2015

The Russian Economy in Free Fall

How to ensure that Russia will stick to the Ukrainian cease-fire deal (Fareed Zakaria) from the Washington Post
"The Russian economy is in free fall. In a report this week, the International Energy Agency said that Russia is “facing a perfect storm of collapsing prices, international sanctions and currency depreciation.” As former U.S. deputy treasury secretary Roger Altman has said, “In this age, if the currency of a major nation collapses or its access to borrowing ends, it just can’t function.”"

No comments: