This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.
Russia's financial system is close to crisis
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.