Word: rublee
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Right before the markets began to unravel last year, Lloyd Blankfein, chief executive of Goldman Sachs, presciently quipped that he hadn't "felt this good since 1998," referring to the Wall Street wipeout precipitated that year by Russia's defaulting on its ruble debt. Blankfein argued that confidence in global...
Raasuke says his bank's experience with Swedbank is a good illustration of how Baltic Sea countries can work together. As a young banker in Tallinn, his first contact with the outside world after his country gained independence from Moscow in 1991 was with Finns and Swedes. They were ready...
That prediction is almost a certainty because neither of Gorbachev's crushing problems is about to go away. The referendum will do nothing to force the separatist republics to relent, and without basic reform the economy can only deteriorate. After withdrawing 50- and 100-ruble notes from circulation and setting...
Gazprom, Russia's state-run gas company, says it is acting simply to bring Belarus' prices more closely in line with world market levels. It gave similar reasons exactly a year ago when it turned off gas supplies to Ukraine, ensuring Kiev's swift agreement to new, tougher terms. Another...
But Putin would not need to send troops to accomplish the expansion of his Russian Federation. Khalip and other observers believe that Putin is using the price hike to pressure Lukashenko to agree to make the Russian ruble the sole currency of Belarus. More importantly, Putin wants Lukashenko to stop...