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Forbes, Free Republic
Thu, 08/28/2014 - 8:43pm

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

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