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1998: the ruble collapses and Russia's GDP is down by 40% from its level in 1991
'''1998''': the ruble collapses and Russia's GDP is down by 40% from its level in 1991


1999: Yeltsin resigns and appoints Vladimir Putin as his successor
'''1999''': Yeltsin resigns and appoints Vladimir Putin as his successor


2001: Russia's share of the world's gross domestic product is only 1%
'''2001''': Russia's share of the world's gross domestic product is only 1%
2002: Russia becomes an ally of NATO
'''2002''': Russia becomes an ally of NATO


2003: between 1999 and 2003, Russia economy has grown by about 33%
'''2003''': between 1999 and 2003, Russia economy has grown by about 33%


2005: a Caspian oil pipeline opens that bypasses both Russia and the Arab countries  
'''2005''': a Caspian oil pipeline opens that bypasses both Russia and the Arab countries  


2005: Russia ends its de facto dollar peg and aligns the rouble with the euro
'''2005''': Russia ends its de facto dollar peg and aligns the rouble with the euro
 
'''2007''': Vladimir Putin's party wins more than 60% of the vote in parliamentary elections
 
Why mention Oil?
.
80% of Rusian exports consist of natural resources with oil and natural gass accounting for 55%. Prices in commodities such as oil have led to both periods of catastrophe and prosperity.


2007: Vladimir Putin's party wins more than 60% of the vote in parliamentary elections




http://www.scaruffi.com/politics/russians.html
http://www.scaruffi.com/politics/russians.html

Revision as of 17:21, 6 December 2007

Home | Overview | Resources | Macroeconomic Players | The Ruble Crisis of 1998 | Economic Performance


1998: the ruble collapses and Russia's GDP is down by 40% from its level in 1991

1999: Yeltsin resigns and appoints Vladimir Putin as his successor

2001: Russia's share of the world's gross domestic product is only 1% 2002: Russia becomes an ally of NATO

2003: between 1999 and 2003, Russia economy has grown by about 33%

2005: a Caspian oil pipeline opens that bypasses both Russia and the Arab countries

2005: Russia ends its de facto dollar peg and aligns the rouble with the euro

2007: Vladimir Putin's party wins more than 60% of the vote in parliamentary elections

Why mention Oil? . 80% of Rusian exports consist of natural resources with oil and natural gass accounting for 55%. Prices in commodities such as oil have led to both periods of catastrophe and prosperity.


http://www.scaruffi.com/politics/russians.html