In his comment to the news agency TSN, Director of Economic Programmes of the Razumkov Centre Vasyl Yurchyshyn described the main causes of the economic crisis in Russia and its possible impact on the economic situation in Ukraine.
When the hryvnia was collapsing last year, it was also hard to stop it. For Russia, the situation is more complicated now because there are two important factors simultaneously – sanctions and the rapidly falling oil price. Oil revenues have always been a significant basis for filling the budget, strengthening reserves, and supporting the exchange rate, etc.
Of course, there is a limit to …read more
Source: Razumkov Centre