- Russian Government has taking step to rise interest rate by 6.5% to 17% http://www.theguardian.com/business/2014/dec/16/falling-rouble-all-you-need-to-know
- Russia RST index has fallen more than 25% over the past 5days
- Russia RST index is at 612points near the 2009 crisis low at 535 http://finance.yahoo.com/echarts?s=RTS.RS+Basic+Chart&t=5y
- In 1998 crisis, RST drop from 506 to 43.6, dropped 91% as Russia default and went into recession http://en.wikipedia.org/wiki/1998_Russian_financial_crisis
- Yesterday we see Russian currency drop as much as 20% on tuesday against the dollar http://www.wsj.com/articles/ruble-drop-sparks-broader-russian-worry-1418757018
- Timeline of 1998 crisis https://research.stlouisfed.org/publications/review/02/11/ChiodoOwyang.pdf
