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The Russians Aren't Feasting Like Monarchs In Thailand Anymore
Hard times have fallen on Pattaya, a beach resort about 60 miles southeast of Bangkok, as Russian tourists cancel their vacation plans amid the collapse of the ruble."Hotel room reservations from the...
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It Isn't 1998 In Russia — Here Are Three Reasons Why (USD, RUB)
In 1998, Russia defaulted. And with the recent collapse in the ruble and the emergency action from Russia's central bank announced late Tuesday, investors are having flashbacks to 1998 and the global...
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The Arctic Is Now A Frozen Conflict
In 2007 a Russian-led polar expedition, descending through the icy waters of the Arctic Ocean in a Mir submarine, planted a titanium Russian tricolour on the sea bed 4km (2.5 miles) beneath the North...
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Companies In These Countries Have The Most Exposure To Russia
Russia's currency is in crisis. A late-night interest-rate hike by Russia's central bank failed to stem the ongoing collapse of the ruble.So what does this mean for everyone else?This is kind of a...
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Russia's Central Bank Is Risking A 'Full-Scale Banking Crisis'
Evgeny Gavrilenkov, the chief economist at the investment banking arm of Russia's largest lender Sberbank CIB, has warned that actions taken by the Russian authorities to bail out Russia's troubled...
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It Looks Like Facebook Just Caved To Russian Censorship
This weekend, Facebook blocked access for users in Russia to an event page calling for protests in support of Alexei Navalny, a fierce critic of President Vladimir Putin.The Facebook group in question...
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The Worst Is Yet To Come For Russia's Economy
Moscow (AFP) - Deep recession, skyrocketing prices and a fragile banking system: although the ruble seems to have stabilised after its abysmal drop this past week, Russia still faces the heavy...
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There's A Problem With Russia's Foreign Currency Reserves
At a televised cabinet meeting today, Russian prime minister Dmitry Medvedev urged calm, suggesting that the country has enough money to weather the current economic storm. “All the economic and...
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The 11 Best Quips From Putin's Annual Press Conference
Russian President Vladimir Putin gave a marathon press conference Thursday in which he discussed the economy, the collapse of the ruble, Ukraine, China, tensions with the West, talk of a "new Cold...
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The Crumbling Ruble And Sanctions Are Pushing Russians Out Of London's...
Russian buyers are flooding out of London's property market, according to an amazing Bloomberg piece. Sanctions, bank limitations on withdrawals and the shattered ruble are killing Russian demand for...
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Even Russia's Biggest Trading Partners Don't Have That Much Exposure To...
The situation in Russia isn't good.The ruble had a meltdown on Tuesday after the Russian central bank unexpectedly hiked interest rates, and following these developments many began wondering what the...
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Russia Is Limiting Cereal Exports
Moscow (AFP) - The Russian government said it was bringing in customs barriers on Monday to limit the export of cereals in the hope of reducing domestic prices sent soaring by the collapse of the...
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China Foreign Minister: We Are Willing To Help Russia
BEIJING (Reuters) - China is willing to help Russia if needed but believes that the country has the ability to overcome its current economic problems, Chinese Foreign Minister Wang Yi was quoted as...
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Super-Rich Russians Are Fleeing To The UK In Record Numbers
Russia's uber-rich are seeking refuge in the UK in record numbers as the economic crisis in their home country deepens.According to Home Office statistics, the number of Russians granted fast-track...
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Bruce Willis' Favorite Russian Bank Is Getting A Bailout
On Monday, the Central Bank of Russia announced that it will be bailing out the first bank of the current ruble crisis, the private lender Trust Bank.The central bank will provide 30 billion rubles —...
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Rosneft Scraps Purchase Of Morgan Stanley's Oil Trading Business
Moscow (AFP) - Russian oil major Rosneft, hit by US sanctions over Moscow's role in the Ukraine crisis, said Monday it had to abandon plans to purchase the oil trading business of US bank Morgan...
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Putin's Rumored Gymnast Girlfriend Has A Serious Security Detail
Russian entertainer and social networking influencer Alexander Belov sparked conversation when he uploaded a photo taken outside of a Moscow coffee shop showing a group of armed bodyguards holding...
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Facebook Blocks Anti-Putin Event In Russia (FB)
Facebook has blocked access to a popular anti-corruption page on its site in Russia after prosecutors there declared it an "unsanctioned mass event." The event was a protest in support of...
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Wall Street Economists Agree: 2015 Will Stink For Russia
MOSCOW (Reuters) - The Russian economy will slide next year into its first recession since the global financial crisis and inflation will be close to double digits, economists forecast in a Reuters...
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Wheat Prices Have Been Hot
The wheat market is on fire, thanks to Russia.Wheat futures on the Chicago Mercantile Exchange rose last week for the fourth straight time, climbing 4.2% to $6.3225 according to Bloomberg.Russia is the...
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