Monday, February 23, 2009

The Declining Russian Economy


The economy has affected more than just Americans last year. Russia, one of the richest countries in the world, has also suffered much loss threw economic reasons. According to the business magazine Finans, of Russia, the top 10 richest Russians lost over two-thirds of their fortunes over the last year. Many stock buyers such as Vladimir Lisin, Alexei Mordashov, and Oleg Deripaska, dropped from this list of wealthiest men. Roman Abramovich, on the other hand, did not loose his second place, but simply lost a lot of money. On the good side, Mikhail Prokhorov, had sold one of the bad stocks, Norilsk Nickel, early last year and went up from his seventh place in the list. In my opinion, it is a good and bad thing that stocks dropped internationally. The bad thing is that many people lost money. Alternatively, this was good because countries can’t blame other countries for the lost money because it happened all over the world.
I got my information from:

No comments:

Powered By Blogger