Thursday, May 29, 2014

Russia's Economy at a Crossroads

A panel at an annual economic forum here was deeply divided over the direction of the Russian economy. The isolationists in the group favored relying on state banks for its financing needs. Others called for Russia to deepen its ties with China, while a different contingent said global trade and commerce remain critical.

A question projected on a wall loomed large in the debate: “What is to be done?”

On the verge of recession, Russia stands at a critical crossroads.

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