The difficult economic conditions have forced Russian businesses to reassess, which could be a good thing in the long run. Sanctions hurt, but low oil prices hurt more. Source: Shutterstock / Legion-Media Sanctionsimposed by Western nationson Russia over its involvement in the Ukraine crisis and absorption of Crimea have hurt the country’s economy, but not mortally wounded it. The collapse of oil prices and the subsequent devaluation of the ruble have done far more damage. But faced with this double whammy, the Kremlin is in crisis mode and trying to stitch together a rescue package. In the long run, the current squeeze may end up being a boon for Russian. Read more...
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