The 1998 Financial Crisis of Russia

The Russian Crisis of 1998, also known as the Ruble crisis, hit the country on August 17th, 1998, against the backdrop of the collapse of the Soviet Union. The Union was then broken down into 15 independent countries. With Mikhail Gorbachev resigning from his post as the President of the Soviet Union, Russia came out … Continue reading The 1998 Financial Crisis of Russia