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The Russian financial crisis (also called the ruble crisis or the Russian flu) began in Russia on 17 August 1998. It resulted in the Russian government and the Russian Central Bank devaluing the ruble and defaulting on its debt. The crisis had severe impacts on the economies of many neighboring countries.
Russian financial crisis (2014–2016) Annual percentage GDP growth rate of Russia, 2008–2017. Yearly inflation in Russia since 2008. Capital outflow from Russia, billions of USD. The financial crisis in Russia in 2017 (from 2014) [1] [2] was the result of the sharp devaluation of the Russian rouble beginning in the second half of 2014.
The Great Recession in Russia was a crisis during 2008–2009 in the Russian financial markets as well as an economic recession that was compounded by political fears after the war with Georgia and by the plummeting price of Urals heavy crude oil, which lost more than 70% of its value since its record peak of US$147 on 4 July 2008 before rebounding moderately in 2009.
The World Bank report states that Russia is the source of all of Armenia's imports of wheat and gas. Remittances, trade, and investment are projected to suffer significantly in Armenia as a result of the Russian financial crisis and the ensuing collapse of the ruble.
The 2014–2017 financial crisis was the result of the collapse of the Russian ruble beginning in the second half of 2014. A decline in confidence in the Russian economy caused investors to sell off their Russian assets, which led to a decline in the value of the Russian ruble and sparked fears of a Russian financial crisis. The lack of ...
The 1998 Russian financial crisis hit most oligarchs hard and those whose holdings were based mainly in banking lost much of their fortunes. The most influential oligarchs from the Yeltsin era include [ 7 ] Roman Abramovich , Boris Berezovsky , Vladimir Gusinsky , Mikhail Khodorkovsky , Vladimir Potanin , Alexander Smolensky and Vladimir ...
Russian financial crisis may refer to: 1998 Russian financial crisis. Great Recession in Russia (2008–2009) Russian financial crisis (2014–2017) 2022 Russian financial crisis, which started in the aftermath of the Russian invasion of Ukraine. Category:
2022 Russian debt default. Russia defaulted on part of its foreign currency denominated debt on 27 June 2022, because of funds being stuck in Euroclear. [1] This was its first such default since 1918, back then it was just ruble -denominated bonds, not foreign currency debt. [2] [3] Before that, on 2 June, Russia defaulted on the 30-day ...