$40 Oil May Force Russia Into an Emergency Rate Hike, Economists Say

Oil May Force Russia Into an Emergency Rate Hike, Economists Say
Already faced with recession and sanctions, a further drop in crude might force the country's central bank into an emergency rate hike — after four cuts already this year — according to 65 percent of economists surveyed by Bloomberg from July 24-29.
Read more on Bloomberg

Plagues of Locusts Darken Skies, Threaten Crops in Southern Russia
Plagues of locusts are swarming large areas of southern Russia, threatening thousands of acres of crops and in some places darkening the skies. A video shot by a local man in Achikulak, a village in the Stavropol region, shows thousands of the bugs …
Read more on ABC News

Russia Won't Be Rushed by the West (Op-Ed)
The West's attitude toward Russia is strongly reminiscent of the relationship between Russia's "leading" intelligentsia and its ordinary citizens. The more "progressive" group has mixed feelings of fear and misunderstanding as to why all of its …
Read more on The Moscow Times (registration)

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