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SUBJECT:
The impact of global financial turbulence on the Russian economy.
SIGNIFICANCE:
The world financial crisis has had relatively little impact on Russia's economy, but a worsened environment has highlighted the country's dependence on external sources of long-term financing. Although large international reserves underscore stability and enhance Russia's international profile, there are doubts about whether the Kremlin will achieve its aim of making Moscow a major international financial centre.
Word Count (approx): 2403
Headings
- Banks
- Funding and assets
- Implications
- Policy shifts
- Capital inflows
- External debt
- Corporate financing
- Domestic
- Foreign
- Equity
- Russia's international role
- Financial centre?
- Domestic market
- Russians abroad
- Regional
Primary Keywords: RUCIS, Russia, economy, industry, banking, bonds, capital flows, corporate, debt, equities, finance, growth, investment, monetary, regulation
Secondary Keywords: balance of payments, consumer, exchange rate, foreign trade
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