Tag Archives: Mikhail Sergeyev

Russia, Bringing up the Rear

In the rearguard of the former USSR

Mikhail Sergeyev

Nezavisimaya Gazeta

August 6, 2009

Translated from the Russian by The Other Russia

Russia has shown some of the worst results in economic decline, inflation rate, and income decline among the CIS countries

The statistical data of the country’s socioeconomic development for the first half of the year looks gloomy. The domestic economy is experiencing shocks much worse than those of developing countries, i.e. members of the BRIC (Brazil, Russia, India, and China), and neighboring CIS countries.

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