Sunday, September 28, 2014

Oil Prices Threaten Russian Economy: Falling prices raise fears of recession

28/9/2014
Russia's economy could be in for further trouble. Economists are predicting that the low price of oil could lead Russia into recession as Western sanctions bite. The declining price of oil has made it more difficult for Russia to withstand sanctions from Western countries. The Russian ruble has plummeted in recent weeks to its lowest point ever against the dollar.

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