Khromov, Mikhail; Vedev, Alexey - Gaidar Institute for Economic Policy - 2012
by a full-scale economic crisis in Russia. Early in 2011, all the factors pointed to the fact that the banking sector …The financial sphere of Russia was the first sector of the national economy which was affected by the global economic … crisis of 2008. Financial markets were hit first and then the banking sector experienced the liquidity problem to be followed …