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    From Bloomberg, Dec 16, 2014, 4:48:40 AM

     The central bank, led by Elvira Nabiullina, is fighting to halt the decline of the ruble, the world’s worst-performing currency this year. Photographer: Andrey Rudakov/Bloomberg

    Russia’s biggest rate increase since the country’s 1998 default threatens to further undercut an economy already on the brink of recession, according to corporate leaders and economists in Moscow.

    To read the entire article, go to http://bloom.bg/1GKTn7m

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8



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