Not waving, just drowning: Further bad news clouds the Russian economy

Russia`s reaction to the introduction of western sanctions, largely following the downing of a civilian airliner MH-17, led to it placing an embargo on food imports from the EU. This led to a significant increase in food prices borne by Russians and was further compounded by a collapse in the Russian ruble both in the run up to Christmas last year - and, despite a modest recovery, is continuing its slide – ...

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