Russia on the way to default?

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The massive depreciation of the Russian ruble risks triggering the country in a worse crisis than the one in 1998. Since the beginning of the year we have witnessed a depreciation of 50% of the ruble of which 20% registered in the last 2 days. The latest reaction was unleashed despite the sudden increase of the interest rate to 17%. In addition, among the causes of the Rubble’s depreciation we can...

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