Hindustani78
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that's not how it works, 1000 yen=8.5 dollarsfiat money is worthless. only resources matter.
1,000 ruble=14.36 dollars
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indeed they have resources, but it costs a mighty penny to get those resources in Siberia.that's not how it works, 1000 yen=8.5 dollars
resources they have plenty.

in 2008 they made it sound like the world was going to end, 8 years later everyone's recovered. Economic recessions are a cyclical phenomenon.indeed they have resources, but it costs a mighty penny to get those resources in Siberia.
resources alone won't make you rich. dutch disease![]()
in 2008 they made it sound like the world was going to end, 8 years later everyone's recovered. Economic recessions are a cyclical phenomenon.
Russia will be fine, don't get too exited with currency devaluation and crude prices.

As much I love low oil prices , I hate to see Russia suffering. Russia must take a lesson out it and diverse their economy.