As Russia scrambles to refinance maturing debt, stabilize the ruble, and battles to halt the collapse of investment in new plant and equipment, Russia will draw down its official reserves and rainy-day funds, capital flight will accelerate, perhaps to unsustainable levels, and economic growth will collapse, perhaps as much as during the financial crisis of 2009.

Topics:  vladimir putin   russia   sanctions   rising   collapse   
BING NEWS:
  • Next EU sanctions package to target Russian shadow oil fleet
    The new EU sanctions package against Russia will impose limits on the shadow fleet of tankers delivering Russian oil. Source: Swedish Foreign Minister Tobias Billstrom, as reported by Reuters Details: ...
    04/22/2024 - 12:03 am | View Link
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