Black week for Russian economy. How Russia spent 1 million reserves per minute. Infographic

Sunday, October 12, 2014 - 23:03 (EEST) Section: Analysis & Opinion, Infographics

On Friday, October 10 Russia spent 1,5 billion USD foreign exchange reserves – it means 1 million reserves per minute. All sectors of Russian economy are falling down… why?

The main difference of the Russian economy falling was that it happened without any political news on the contrary to March 3, 2014 when there was “The Black Monday” and Russian stock exchanges had fallen down after the news about Russia invasion in Crimea. As for now there are no breaking news but under the pressure of sanctions, failing oil prices and outflow of capital Russian economy continuous steadily fall down.

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