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The 1998 Russian Financial Crisis. Part 2: Effects and Political Consequences

Ricky Schmidt | Mon, 03/09/2009 - 9:56am | how to survive in a recession, recession effects on global economy, what is recession |  1 comment

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The Effects On August 17, 1998, Russia was forced by an escalating payments crisis to devalue the Ruble dramatically, declared its intention to restructure all official domestic currency debt obligations by the end of 1999 and imposed a 90 day moratorium on the repayment of private external
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