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Topic: |
Business
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Number of pages / Number of words: |
5 / 1384 |
Essay's paper body
Russia never fully recovered from the first depression in 1992 and the consequent political and economic crises when Russia's recovering economy collapsed completely in 1998. Even the prosperous oil and natural gas industries, who account for 80% of Russian exports, were crippled by the collapse in 1998...
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Even the prosperous oil and natural gas industries, who account for 80% of Russian exports, were crippled by the collapse in 1998. Foreign investors fled the country as inflation and interest rates spiraled out of control. Russia managed to bounce back by 1999 due to rising world oil prices, but Yeltsin was soon forced to resign and Vladimir Putin took his place as President...
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