Tuesday, December 16, 2014

Is Obama destroying the Russian economy?


◼ Sanctions helped sink the ruble, officials say privately. - Politico





◼ Russia makes drastic rate rise to 17% to stem rouble decline - BBC

The rouble has lost almost 50% against the US dollar this year as falling oil prices and Western sanctions continue to weigh on the country's economy.

Before the move, the dollar bought 67 roubles. The rate rise moved it up to 58 against the dollar, although it has since slipped back to 62.
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