WHAT: Economic Diplomacy Series: The Russian Economy: On the Ropes or Rallying for a Comeback?
WHEN: Tuesday, 11 April, 19h00 – 20h30
WHERE: Press Club Brussels Europe, Rue Froissart 95, 1000 Brussels
WHO: YPFP members
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The one-two punch of low oil prices and international economic sanctions over the Kremlin’s actions in Ukraine helped to knock Russia into economic recession in 2015. The brunt of these blows fell heavily on the Russian public as they watched the value of the ruble collapse to historic lows. Despite this and with tensions continuously flaring between Moscow and its neighbors to the West, Russia has been able to maintain strong spending in some sectors, defense in particular, throughout the crisis. Although economic sanctions are still holding fast and oil prices are still at half of what they were before the sharp decline began in mid-2014, will we see the Russian economy recover and fight back to positive growth in 2017?
Join YPFP and our panel of experts as we take a look at the causes and consequences of the Russian financial crisis, how Russia has been able to cope and what we can expect from its economy in the year ahead.