Co-authored by William Witenberg a contemporary artist focused on abstract painting
Russia’s economy is suffering from dramatically lower oil prices, a rapidly declining ruble, interest rates that are an astonishing 17 % and western sanctions over Ukraine. We thought it might be interesting to share some of the effects that this economic tailspin is having on the daily life of Moscow citizens.
Foreign direct investments are continuing to dry up, leaving Russia limited to doing business with big multinational companies, that are able to handle the losses imposed by the sanctions. Most of the smaller international players aren’t in a position …read more
Source: The Huffington Post
