Russia: Primed for an Economic Meltdown

A babushka looking for food. According to a prominent European think tank, for a large proportion of Russia's population, basic food was the main component of their shopping basket in 2015, with the likelihood of worse to come amid a deepening economic crisis driven by low energy prices, government mismanagement, a collapse in the Russian ruble’s value and Western sanctions. (Photo: Mohd Hafizuddin Husin)

A prominent European think tank contends that the Russian economy may be entering into a death spiral, driven by a combination of factors, including low energy prices, government mismanagement, a collapse in the Russian ruble’s value and Western sanctions. 
 

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Russia: Primed for an Economic Meltdown

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