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Russia Faces Longest Depression in Decades with Sanctions and $50 Oil

Russia Faces Longest Depression in Decades with Sanctions and $50 Oil

The Russian economy is heavily dependent on crude prices and the latest slump in the oil market means Russia’s recession might continue in the next year. The first economic downturn since 2009 seemed to fade away as oil price increased 40 percent from […]

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Putin Talks Against U.S. Debt as He Stands Up for Greece

  The global economy has ‘serious problem’ due to the reckless U.S. borrowing told Russian President Vladimir Putin while at the same time defending Greece as the victim of the debt crisis. “It’s a serious problem not just for the […]

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Main reasons for the euro jump

Main reasons for the euro jump

In the last few days the euro fights back in comparison with almost every important currency. In the last couple of days the European currency jumped 3 percent against the British pound, 3.5 percent against the U.S dollar and 2 percent in […]

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