Panic mood hits Russian economy
Russia has scrambled to halt a run on the ruble in the worst economic crisis of President Vladimir Putin’s 15 years in power. |||
Moscow – Russia scrambled on Wednesday to halt a run on the ruble, selling billions of reserves to prop up the currency in the worst economic crisis of President Vladimir Putin’s 15 years in power.At the same time, the United States prepared to pile further sanctions on Russia over its actions in Ukraine, which have combined with falling oil prices to produce the perfect storm causing the currency to go into freefall.The …read more
Source: Independent Online
