Russia faces wave of bankruptcies if interest rates don't fall

New Year holidays could not stop the fall of the Russian ruble.

Experts attribute this to the ongoing decline in oil prices fell below $ 50, and also lower ranking Agency Fitch.

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JackieRo

When your only major export is oil and you didn't learn three decades ago from the collapse...

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MLeRoy

I actually heard a financial analyst refer to the Russian ruble as the Russian 'rubble'.

And he wasn't trying to make a joke. Just a slip of the tongue. Yes, that's worth laughing about.

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EricFlgAZ

Putin is sending the Russian economy down the toilet, yet the voices from the right hail him as hero for being such a strong leader.

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