RUSSIA’S escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy. |||
Josh Boak WashingtonRUSSIA’S escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy. With economies in Europe, Japan, China and Latin America already ailing, fresh threats have emerged from Russia’s shrivelled currency, its move to boost interest rates, damage from plummeting oil prices and Western sanctions over Russia’s action in Ukraine. The alarming 10 percent drop in the rouble over the past two days has amplified the economic turmoil in Russia. Investors fear …read more
Source: Independent Online
