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Russia economic woes set to be felt from Europe to East Asia

Banks that have loaned money to Russia risk losses; exports to the country seen sliding

DOWN FOR THE COUNT: The deeply devalued rouble which was 34 to the dollar in the middle of the year has pushed up repayment and interest by a whopping 76 per cent.


A LOOMING Russian recession and the rouble slump will take a toll on a host of countries, stretching from Europe to East Asia.

The tone of President Vladimir Putin's address on Thursday and the response of European and US leaders who are intent on increasing sanctions