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View Full Version : Russia’s Company Towns Suffer as Demand Plummets, Jobs Vanish - Bloomberg



NewsWhore
03-11-2009, 01:20 AM
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Russia’s Company Towns Suffer as Demand Plummets, Jobs Vanish (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3Dae09JAJf0UtE%26refer%3Deurope&cid=0&ei=_kq3ScO-BJLKMvKX3fMJ&usg=AFQjCNHmNLwZQTEFHCar4NiKPNuegwx-0g)
Bloomberg
Then came the economic calamities of 2008 and 2009 as the price of Urals crude oil, Russia’s chief export earner, fell 70 percent from a June record of $142.5 a barrel and the central bank spent more than $200 billion of its foreign currency reserves ...


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