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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

Published Fri, Dec 19, 2014 · 09:50 PM

London

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 against Russia indicate that the Russian economy is on track for recession.

KEYWORDS IN THIS ARTICLE

Recession

rouble

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International

International

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

KEYWORDS IN THIS ARTICLE

International

Blinken meets Chinese counterpart Wang Yi in Beijing

South Korea’s public finances no longer a credit rating ‘strength’: Fitch

UK consumer confidence improves as inflation and taxes fall

Inflation in Japan’s capital falls below BOJ target, slows for second month

China firms are investing abroad at fastest pace in eight years

Sri Lanka’s economy expected to grow 3% in 2024, central bank says

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