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
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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.
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