Russia Economy : Russia Investment : Russia Government : Russia Trade : Russia IPE Analysis & News

The Russian economy saw a record drop to 39.8 in the VTB’s Purchasing Managers’ Index (PMI) according to Bloomberg.

The glooming Russian economic news comes as the global economic crisis and the sharp drop in to the price of oil continue to negatively impact the Russian economy.

With the deterioration of the Russian economy, foreign investors have withdrawn as much as $190 billion from Russia since mid 2008.

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