: :inin Kyiv (EET)

Rouble crashes as Russian economy teeters on brink of recession


Currency instability is reviving memories among Russians who suffered during the countrys default in the 1990sRussias economic difficulties intensified on Friday as the beleaguered rouble crashed during morning trading, stoking fears that the country was on the verge of a full-blown currency crisis reminiscent of the 1990s.The rouble has fallen steadily in recent months amid rising tensions with the west, but it took a dramatic downward lurch earlier this week, plunging more than 10% in 48 hours. … …read more

Source: The Guardian

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