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Low and stable TV prices point to Russia’s economic isolation |
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Maybe Russia should be thankful for the 1998 financial crisis. Its economic isolation following devaluation of the rouble and default on its debt in August 1998 was once a problem. Now it will probably be a boon. Any global recession caused by America’s new war is unlikely to hit Russia hard
“How can the price of a TV in Russia be a fraction of that in Japan?” asks Yukos chairman Mikhail Khodorkovsky.
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