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In the weeks following 17 August, one US dollar went from being worth 6.43 rubles to being worth over 21 rubles. 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.
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.
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 interest, incorrectly not counting ...
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.
In financial economics, a liquidity crisis is an acute shortage of liquidity. Liquidity may refer to market liquidity (the ease with which an asset can be converted into a liquid medium, e.g. cash), funding liquidity (the ease with which borrowers can obtain external funding), or accounting liquidity (the health of an institution's balance sheet measured in terms of its cash-like assets).
The 2012–2013 Cypriot financial crisis was an economic crisis in the Republic of Cyprus that involved the exposure of Cypriot banks to overleveraged local property companies, the Greek government-debt crisis, the downgrading of the Cypriot government's bond credit rating to junk status by international credit rating agencies, the consequential inability to refund its state expenses from the ...
The list of sovereign debt crises involves the inability of independent countries to meet its liabilities as they become due. These include: A sovereign default, where a government suspends debt repayments. A debt restructuring plan, where the government agrees with other countries, or unilaterally reduces its debt repayments.
The GKO crisis, the most significant financial crisis in post-Soviet Russia, caused turmoil amongst both foreign and domestic investors and creditors. The crisis led to the abrupt devaluation of the Russian ruble in several steps in August and September 1998. (The result of the ruble's value after the fall and some oscillations was the ruble's ...