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The Rather Pathetic Economy of Russia

Economics Explained

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A Brief History of the Russian Crisis

Foreign investors fled the country, driving down asset markets and causing a run on the reserves of the russian central bank. Russia was also a great beneficiary of the steady increase in oil prices that would be felt over the following decade. It was at this time that one vadimir putton would become president, succeeding boris yoltson,. who had fallen sick and handed the reins to his then prime minister.

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