EMerging Equity
CIS
Russia Is Going To Pass A Law Formally Dumping The U.S. Dollar
By Michael Snyder Russian President Vladimir Putin has introduced legislation that would deal a tremendous blow to the U.S. dollar. If Putin gets his way, and he almost certainly will, the U.S. dollar will be eliminated from trade between nations that belong to the Commonwealth of Independent States. In addition to Russia, that list of … Continue reading
Putin Pushes Ahead With Plan To Integrate CIS Currency Market
Russian President Vladimir Putin has moved one step closer to creating an integrated currency market in the Commonwealth of Independent States (CIS), which is a regional organization whose participating countries are former Soviet Republics, formed after the breakup of the Soviet Union. On Friday, Putin submitted a draft law, named “On Ratification of the Agreement on Cooperation in Organizing … Continue reading
In Eurasia, Devaluation Is First Line Of Defence
By Chris Weafer, Macro Advisory Russia is not the only economy suffering from the combination of the oil price collapse and sanctions; most of the countries in the Commonwealth of Independent States (CIS) are also feeling the pain. For some it is because they have also waited far too long to start diversifying away from … Continue reading
Decline In Russia’s GDP To Cause Domino Effect In The Region – EBRD
The Russian GDP forecast for 2015 was downgraded from plus 0.2 percent to a 4.8 percent decline by the European Bank for Reconstruction and Development. It’s due to falling oil prices and geopolitical tension that could mean a regional economic downturn. The EBRD has revised its September’s forecast saying the main reason for it was … Continue reading
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