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This R&D provides information on the collapse of the Russian ruble. The Russian central bank raised interest rates earlier in the week to 17% in an attempt to stop the ruble’s slide, which has coincided with a decline in the global oil price. The value of the ruble collapsed during Russia’s financial crisis in 1998 and President Vladimir Putin wants to avoid that happening again.
Understanding #Russia’s currency troubles http://t.co/X0h7vtAB8n #ruble pic.twitter.com/dW3pgGBrQI
— World Economic Forum (@wef) December 17, 2014
RT @MarkTrumbullCSM: Ruble plunge: Big trouble for Russia … and some new uncertainty for global economy http://t.co/Wa4LSUvodj
— CS Monitor (@csmonitor) December 17, 2014
Russia’s Economy Is Collapsing. Here’s What You Need to Know. http://t.co/rAjpkE21bf
— Mother Jones (@MotherJones) December 17, 2014
Can Putin save the plunging ruble? http://t.co/1XIgBrrnaY
— The New Yorker (@NewYorker) December 17, 2014
Will Russia’s ruble crisis spread? Contagion risk in Eastern Europe seen as “serious concern” http://t.co/sB5rpY81v1
— Bloomberg Business (@business) December 17, 2014
Russia’s currency crisis prompts unease in the top echelons of power while consumers fear losing their savings. http://t.co/iuZHf17NtM
— New York Times World (@nytimesworld) December 17, 2014
Sanctions, lower oil prices lead to plunging ruble in Russia http://t.co/4njyuk9sIO pic.twitter.com/rFEKFazzjW
— The Boston Globe (@BostonGlobe) December 17, 2014
#Russia‘s Ruble Crisis Could Shake Putin’s Grip on Power http://t.co/zTBAMLziHL #news
— The Moscow Times (@MoscowTimes) December 17, 2014
Russia Crisis Hits Pimco Fund, Wipes Out Options as Ruble Sinks http://t.co/DscVLoDp97 is this cuing up a farewell to Putin?
— Simone Foxman (@SimoneFoxman) December 16, 2014
Ruble Chaos Forces Retailers to Suspend Sales in #Russia http://t.co/XVAE94wJdM #business
— The Moscow Times (@MoscowTimes) December 17, 2014
Russia has $400B-plus to defend the ruble’s value, right? Not really. Its actual reserves give it limited ability: http://t.co/9u8lJbv3zi
— Ian Talley (@IanTalley) December 17, 2014
Ruble fall won’t lead to early review of EU sanctions http://t.co/3lEuvVO2dW
— WSJ Europe (@WSJeurope) December 17, 2014
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