Tag: 1998 Russian economic crisis

The actors change, but the stage always looks the same. The wood-paneled courtroom. The officious judge robed in black. The stern prosecutor. That creepy cage for the accused and the stone-faced cops guarding it. And the defendant in the dock — sometimes somber, sometimes defiant. The script changes, but it always follows the same template: […]

The Central Bank or Bank of Russia today established the official rate of the ruble to the dollar to 74.1 rubles per $1 and the euro to 77.4 rubles per euro, thus hitting a new low in value since the 1998 crash Welcome to our column, Russia Update, where we will be closely following day-to-day […]