A Preliminary Analysis of Current Russian Financial Crisis

The influences of financial crisis are expanding to every aspect of Russian economy,which are insufficient fund in banking system,constant depreciation of ruble,huge losses in the stock market,and reduction of foreign exchange reserves.Furthermore,financial crisis greatly impacts oil and gas industry,industrial production,and construction business,leads to tremendous increase of unemployment and serious arrears of salaries.Russian government takes positive measures to deal with financial crisis,such as injecting capital to financial market,supporting real economy,modifying its financial budget to reduce government expenditures.