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Old 23-12-2014, 12:28   #72
Osem
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Re: Putin warning...

Meantime back at the datcha...

Quote:
Russia's former finance minister has warned the country is entering a "full blown economic crisis" and will enter recession next year.

"We are entering or have already entered a full-blown economic crisis, and we're going to feel it to the full next year,'' said Alexei Kudrin.

His warning came as Russia's central bank lent Trust Bank 30bn roubles (£339m) to stop it going bankrupt.

It marks Russia's first bank bailout since the rouble's sharp collapse.

The Russian currency has lost more than 45% of its value against the dollar since the start of the year, with falling oil prices and Western sanctions both weighing on the country.
http://www.bbc.co.uk/news/business-30577375
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