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12 Dec, 2008 15:39

Interview with Chris Weafer

Chris Weafer, Chief analyst at Uralsib says he isn’t surprised that word is coming through that Russia is already in recession, with official data lagging behind anecdotal data for major investment banks.

He says that a rebound in oil prices may help ease the pressure over the longer term, and that until that point downward pressure on the Rouble will continue.