Whereas
the price of the crude oil is decreasing (Brent oil price lower than 31$ for
12.01.2015) Russian economy feels worse every day. The planning of the budget
for 2016 did not include such a significant drop. Some public institutions due
to budget cuts has been closed. The same situation is in the Belarusian economy
that is tied to Russian „oil sorrow”. Public entities are waiting for budget
approval, however many of the industrial entities has already reduced working
days. Both Russian and
Belarusian ruble suffered considerable depreciation.
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