1998 Russian financial crisis

Russian economy since fall of the Soviet Union (2008 international dollars)

The Russian financial crisis (also called the ruble crisis or the Russian flu) began in Russia on 17 August 1998. It resulted in the Russian government and the Russian Central Bank devaluing the ruble and defaulting on its debt. The crisis had severe impacts on the economies of many neighboring countries.


© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search