Russian Economy Going Downhill

Abstract

The economic view of Russia is very pessimistic. The state bankruptcy is very possible. Oil prices slip further - and with it the Russian market in Moscow. With the dramatic developments in Russia currently is worthwhile in any case once again look back on the Russian financial crisis of 1998. This crisis is a particular example of how to develop crises in general and what show massive consequences. This new threats to Russia are happening right now in the course of the current developments. Russia is experiencing the first signs of a looming financial crisis. Imagine: The ruble has lost nearly 20% against the US dollar in the tip alone one day. Needless to say that the ruble now listed on a new record lows against the dollar. The Russian Trading System Index dived in a dive, before stabilizing - so the panic is on the floor. By all the laws of trade brave should enter. While of course the Bottom Fishing is always difficult and the situation in Russia is far from stable. Due to the decline of rubles 200 banks in Russia could go bankrupt - this is after every fifth bank in the country.

Keywords: Russia, Oil, Crisis, Banks, Ruble