Claims about Russia

Sergei Guriev, a former ­adviser to Prime Minister Dmitry Medvedev and a former board member of Russia’s largest state bank, said: “If nothing changes, if sanctions aren’t removed and the price of oil does not go up, then in two years the Russian government will have a major problem — it will lack cash and it will not be able to borrow it.”

The luxury goods market may contract up to eighteen percent this year in Russia.  There is more here, via www.macrodigest.com.

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