1. Business In Russia
... , the Asian financial crisis swept through the country, contributing to a sharp decline in Russia's earnings from oil exports and resulting in an exodus of foreign investors. This all climaxed in August 1998 when the government allowed the ruble to fall precipitously and stopped payment on 40 billion in ruble bonds . According to author Alena Ledeneva, ongoing problems include unreliable judicial and ... . It appears that hopes of debt rescheduling and partial forgiveness have taken a setback for the near term, as negotiations with the World Trade Organization were postponed indefinitely...
- Word Count: 1539
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate