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Russia devalues the rouble yet again

The Russian currency, the rouble, has today been devalued yet against as the country comes to grips with the ever growing economic crisis. Russia has for many years been at the forefront of business development and business growth but the last few months have literally wiped away much of the progress made in recent times. The Russian economy is now in serious trouble and the devaluation of the currency is a sharp reminder of years gone by.

While it would be wrong to suggest that Russia is suffering more than most, the fact that the country has been at the forefront of the business arena in recent times only to fall foul of drastically reduced foreign investment is a concern. Many will point towards a number of dubious actions against overseas companies over the last year or so which have not only hit confidence but also seen a number of large players leave the market early. With fewer and fewer well-known and well financed companies to fall back on the economy is suffering more than it has for many years.

Whether the West will come to the aid of the Russian government and the Russian economy remains to be seen as the relationship is a lot more chilled than it has been over recent times.

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