Russia is still in deep economic trouble even if it has dodged an immediate meltdown. |||
Moscow – Russian Finance Minister Anton Siluanov warned on Wednesday the country would face no choice but to rein in public spending over the next few years, highlighting how Russia is still in deep economic trouble even if it has dodged an immediate meltdown. Russia was tipped into crisis by last year’s sharp drop in oil prices, compounded by Western sanctions for the annexation of Crimea and alleged support for rebels in eastern Ukraine, causing sharp falls in the value …read more
Source: Independent Online
