Economic Challenges
Economic Challenges
- Russia has slowly been recovering from the soviet union collapse in 1999. They reduced gas and oil prices, however, that lead to an 8% drop in domestic products in 2009. Since then, rising the oil prices internationally has energy exports, consumer demand, and great investment.
- American and European leaders having been dealing with trying to isolate Russia economically. This situation is being considered as the "Ruble." The Ruble is about 2.8 U.S cents. The Ruble is based upon money loans that Russians were struggling with. Investors were worried up until Russians sent in troops. This problem is because Ukraine is constantly asking for money, and so the two largest banks in Russia proclaimed that they would suspend any new lending. In 2010. the Russian Central Bank stated that they wanted to go out of business because of the droppings of the Ruble.