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Tag "Russian and Novorussian news update"

Very bad news out of Russia and Novorussia

Oh boy, today is a bad day for sure.  First, the Russian Central Bank has suddenly raised its interest rates from 10,5% to 17%.  I am dubious that this will do much for the Ruble (currently in free fall for many different reasons) but, boy, will that slam the breaks on a Russian economy which needs acceleration!  Not being an expert myself (I did get an MA in International Economics,

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