Fred Weir, CSM: Bear's bad year? Russia faces grim economic outlook in 2015
Their two-week holiday at an end, Russians are once again confronted with low oil prices, a weakening ruble, and rocketing interest rates. And the Kremlin has yet to follow through on promised remedies.
WNU Editor: If the rich are hurting .... everyone else is hurting .... and for Russia this story sums it up .... With Ruble in Freefall, Russians Scramble to Dump Trophy Homes and Break Contracts (New York Observer)
More News On The Russian Economy
World Bank Expects Russian Economy to Contract by 2.9% in 2015 -- Sputnik
Russian economy in crisis mode -- UPI
Ruble’s slump affects 48% of Russians — central bank poll -- ITAR-TASS
Russian Banks Plead for Interest Rate Cut as Borrowing Costs Spiral -- Moscow Times
Russia faces wave of bankruptcies if interest rates don't fall -- CNN
Ruble Drops to Month Low on Oil Slide as Russia Pulls Bond Sale -- Bloomberg
Russia reveals huge cost of supporting the rouble -- BBC
Oil Drop Further Rocks Putin’s Economy -- Fiscal Times
Oil price plunge hardly a disaster for Russia — expert -- ITAR-TASS
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