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RUSSIAN CRISIS• Aastha Shanker
• Sneha Singh
• Nishant Bangar
• Ravi Bhojani
• Deshna Jain
• Suyash Arjyal
• Simon
• Abhishek Dongle
Phases of Russia
• Russia during Soviet Union
• Russia after Soviet Union (1991-1998)
• 1998 Financial Crisis
• Russia under Putin
• Russian Crisis - 2014
Russia after Soviet Union (1991-
1998)
• Shock Therapy
• Liberalization
• Stabilization
• Privatization
Price Variations in Privatization
(1994-1995)
Companies Auction Price by
GOVT.
(Mil. USD)
At Russian Stock Market
Prices
(Mil. USD)
Gazprom (natural gas) 250 40483
Unified Energy Services
(electricity)
957 17977
Lukoil (oil) 704 15839
Rostelecom (telecom) 464 4172
Yuganskneftegaz (oil) 80 1656
Surgutneftegaz (oil) 79 6069
Russia under Putin
• GDP Growth Rate- 6-7% a year
• People’s income grew at 15% a
year
• Tax Reform- personal income tax
was decreased from 305 to flat
13% in 2001
• Renationalization and Corruption
Major Reason
• Fall In Oil Prices
- from $100/barrel in June 2014 to less than $50/barrel in Jan 2015
- reasons
decrease in demand
shale oil production in US
OPEC countries reluctant to decrease the price
Major Reasons
• Economic Sanctions
- What are these sanctions?
- Why such sanctions?
- Why Russia invaded Ukraine?
- What is Crimea?
- Why Crimea?
How Bad Is The Situation?
• Decrease in trust in the currency
• Around $100bn debt to mature in 2015
• Declining foreign reserves
• High inflation – 11%
• Rating deteriorated from BBB to BBB(-)