Russia – Feb 2

With a decline in oil prices to under fifty dollars per barrel, the Russian government takes measures to shore up its funds, prevent state owned industries from collapsing, as well as uphold the value of the ruble. Foreign experts claim that measures taken and to be taken by the Russian government are inadequate in addressing the root causes of current financial failures in Russia, mainly the over dependence on oil, lack of investor confidence in the country, foreign sanctions, financial mismanagement, and state corruption. Source:  The New York Times