Russia: heading for the exit
Russia: heading for the exit
The Russian stock market has lost more than any market this year. Now the real economy is being affected too.
Even the mighty Russia has been hit by the global financial crisis. In fact, despite the government’s US$400bn in reserves, and the economy’s 6% growth this year, the Russian RTS has been hit worse than almost any market in the world, and has fallen by 75% year-to-date.
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