To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more




TOP STORIES
Starbucks is not accepting Bitcoin, but builds an exchange

It will generally allow the crushed and boiled crypto investments to be converted to the crushed an...



FORBES: West was Hopeless to Break Russia Down



Russian economy keeps growing in spite of all Western sanctions.



04.May.15 5:09 PM
By Abigail Richards
Photo Toinnov.com

   311

FORBES: West was Hopeless to Break Russia Down
West is hopeless in breaking Russian economy down according to Forbes. Experts made recent research to find out how Western sanctions initiated by the US government influenced Russian economy. It turned out that such drastic measures do not have expected effect. Moreover specialists are sure that GPD growth is becoming more rapid while inflation level is decreasing. In addition inflation is lower than in the United States at the moment.

Forbes experts also note that even low oil price is not able to break Russia down. In spite of all that investors’ panic at the beginning of oil price decrease which was also connected with black PR towards Russia initiated by Western countries, it managed to attract investors who are aimed on long-term beneficiary projects.

The majority of experts agree that main key to success in such difficult conditions is low Russian debt which is about 14%. If foreign debt was higher, the consequences would be more serious for economy of the country.

It should also be noted that such opinion is shared not only by Forbes experts but also representatives and experts of other huge and reputable publishers as well as enterprises. They include not only domestic but also Western companies.



Back to the list


Related Information: