Vladimir Putin’s Strategy Undermined – Russia’s Financial System on the Brink of Collapse
The worst is yet to come for the Russian financial system.
Banking panic, the collapse of the ruble against the US dollar, downgrading of Russia's debt to junk status by S&P, suspension of trading on the Moscow Stock Exchange, flight of investors... While they have not yet fully taken effect, the sanctions announced this weekend by the West are already pushing the Russian financial system to the brink. The stra…
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