May 19, 2010 /EIN Presswire/ — Declining world oil prices and decreased demand for raw materials has shaken investor confidence in Russia’s economy. Since the first of the year, $2 billion in investments reportedly has been withdrawn from Russian markets.
Experts believe that if the outflow of investments continue, Russia will be forced to devalue its ruble. The nation recently revised its budget forecast to reflect lower government revenue expectations.
Read more at Global Investing Today:
Russia Investing news – http://investing.einnews.com/russia/
Economic Downturn news – http://investing.einnews.com/news/economic-downturn
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