Global Financial Tsunami Impacts Russian Economy

Chunyang Shi

Abstract


Russian economy depends on energy resources highly. Due to impacts of the financial crisis and the sharp decrease of oil price, Russian economy driven by “Petro-dollar” tends to develop slowly. The overwhelming financial tsunami not only impacts Russian financial system but also influences Russian substantial economy. Russian government adopts relevant financial policies in time, keeping the stability of domestic currency, depressing the inflation, and enhancing the support for SMEs and substantial economy. In 2009, Russian economy recovers its vitality, stepping forward steadily.


Full Text: PDF DOI: 10.5539/ijef.v2n1p198

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International Journal of Economics and Finance  ISSN  1916-971X (Print) ISSN  1916-9728 (Online)

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