Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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Russia's financial system is close to crisis

Russia's financial system is close to crisis
Photo: pixabay.com

The index of financial stress in Russia after the decline in oil prices and the depreciation of the ruble approached the crisis level. Experts noted similar leaps during the years of crises of 2008, 2009 and 2014.

The Analytical Credit Rating Agency (ACRA) regularly calculates the Financial Stress Index in Russia. As of March 10, this figure reached 3,1 points, while experts consider the 2,5 points to be a threat of crisis. From March 6 to March 10, the index jumped two points, as in 2008, 2009 and 2014.
 
Agency analysts note that the spread of coronavirus negatively affects the Russian economy. The epidemic has led to lower demand, and then oil prices. In turn, low oil prices affected the ruble.   
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