![]() In January 2017, Russia had foreign currency reserves of around $391 billion, an inflation rate of 5.0% and interest rate of 10.0%. By 2016, the Russian economy rebounded with 0.3% GDP growth and was officially out of the recession. The Russian stock market experienced large declines, with a 30% drop in the RTS Index from the beginning of December through 16 December 2014.ĭuring the financial crisis, the economy turned to prevalent state ownership, with 60% of productive assets in the hands of the government. The crisis affected the Russian economy, both consumers and companies, and regional financial markets, as well as Putin's ambitions regarding the Eurasian Economic Union. The second is the result of international economic sanctions imposed on Russia following Russia's annexation of Crimea, the war in Donbas and the broader Russo-Ukrainian War. Crude oil, a major export of Russia, declined in price by nearly 50% between its yearly high in June 2014 and 16 December 2014. The first is the fall in the price of oil in 2014. The lack of confidence in the Russian economy stemmed from at least two major sources. A decline in confidence in the Russian economy caused investors to sell off their Russian assets, which led to a decline in the value of the Russian rouble and sparked fears of a financial crisis. The financial crisis in Russia in 2014–2016 was the result of the sharp devaluation of the Russian rouble beginning in the second half of 2014. For more guidance, see Wikipedia:Translation.Īnnual percentage GDP growth rate of Russia, 2008–2017 Yearly inflation in Russia since 2008 Capital outflow from Russia, billions of USD.You should also add the template to the talk page.A model attribution edit summary is Content in this edit is translated from the existing Russian Wikipedia article at ] see its history for attribution. ![]() You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation.If possible, verify the text with references provided in the foreign-language article. Do not translate text that appears unreliable or low-quality. ![]()
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