Russia’s Economy Is Tanking, So Why Is Putin Smiling?
(Bloomberg – bloomberg.com – Evgenia Pismennaya, Anna Andrianova – February 29, 2016) With Russia mired in the longest recession in two decades, there hasn’t been a lot of good economic news lately. But there’s one indicator that’s looking up, and it’s the one that matters most to Vladimir Putin: His hard-currency reserves. The central bank held $379 billion in foreign […]
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