Russia’s economic crisis could have been avoided
The Russian government and people, awash with money, were convinced their economy was invulnerable to the world financial crisis. By September, Russia’s gold reserves stood at $581 billion. The federal budget seemed strong, salaries high, economic reforms successful and government investments wise. In hindsight, it was all too noticeably “Potemkin” and vulnerable. When foreign markets crashed and oil prices fell, Read More ›