1998 Russian Financial Crisis
The Russian financial crisis (also called "Ruble crisis") hit Russia on 17 August 1998. It resulted in the Russian government devaluing the ruble and defaulting on its debt.
Read more about 1998 Russian Financial Crisis: Background and Course of Events, Crisis and Effects, Recovery
Famous quotes containing the words russian, financial and/or crisis:
“Who are we? And for what are we going to fight? Are we the titled slaves of George the Third? The military conscripts of Napoleon the Great? Or the frozen peasants of the Russian Czar? No—we are the free born sons of America; the citizens of the only republic now existing in the world; and the only people on earth who possess rights, liberties, and property which they dare call their own.”
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