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

Russia International Political Economy

Russia Economy : Russia Investment : Russia Government : Russia Trade : Russia IPE Analysis & News header image 2




Russian Economy Sees Ruble fall to 6 Year Low

January 7th, 2009 · No Comments · Russia Economy

The Russian economy continues to a take another blow as the Ruble declined to its weakest level in over six years according to Bloomberg.

The Russian economic news comes as the Russian government and central back devalued the Russian currency as it struggles to prop up the Russian economy.

It is estimated that the Russian economy has lost 27 percent of its foreign exchange reserves since August and as much as $200 billion in Russian investment as foreign investors pull their money out of the struggling Russian economy.

Related posts

Tags: ····

No Comments so far ↓

There are no comments yet...Kick things off by filling out the form below.

Leave a Comment