Moscow (AFP) – It’s been a torrid time of late for the Russian economy as the fallout from Ukraine and tumbling oil prices have plunged the country into financial crisis.But an unexpected recent rebound by the ruble has partially reversed months of pain for the nosediving national currency and fired hope among harried officials in Moscow that there might be a light at the end of the tunnel. Few analysts were betting on a bounce after the ruble lost over 40 percent of its value in 2014 and carried on the slump into this year. But a drop in fighting …read more
Source: Business Insider
