Friday 19 December 2014

Rouble uncertainty ripples across Russian economy - FT.com

Rouble uncertainty ripples across Russian economy - FT.com:



"The effects of the wild gyrations in the rouble rippled across the Russian economy as pressure on the country’s financial system intensified and trade flows with the world’s ninth-largest economy were disrupted.



Interbank rates hit the highest in nine years on Thursday, in a sign of the strains on the banking industry after three days of rouble fluctuations that shook confidence in the Russian currency.



Western manufacturers, of goods from cars to furniture, have temporarily halted sales in Russia as they could not adjust prices quickly enough to counter the swings in the rouble."



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