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
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—Ivan Sergeevich Turgenev (1818–1883)
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—W.H. (Wystan Hugh)
“In crisis is cleverness born.”
—Chinese proverb.