Russia Can’t Escape Historical Retrospection in Crisis

File Photo of Cash, Coins, Line Graph

(Blooomberg – bloomberg.com – Ye Xie and Elena Popina – October 9, 2014) As Russia starts burning through foreign reserves in a bid to defend the ruble, flashbacks to the country’s 1998 devaluation and default are inevitable. While the government is in a much stronger position today to fend off the crisis than it was then — foreign reserves are […]

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