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According to Hongkong, "Wen Wei Po" reports, as Eastern Europe's largest economy in Russia "hanging by a thread, oil prices plummeted, the withdrawal of funds, high debt, currency devaluation, and the unemployment rate is rising, has become the severe situation of political, economic and social unrest, if financial difficulties contin cheap jordan shoes for men ued to deteriorate, probably will become the Asian financial the crisis ten years ago" pirated "even countries entered the crisis of bankruptcy. Chinese Academy of Russian Eastern Europe and Central Asia Research Institute researcher Li Jianmin in an "Chinese Securities News" interview that the raw material export-oriented economic structure, the Russian economy long-term closely linked with the international energy market. Especially the international crude oil prices, Russia's economy has almos cheap jordans for sale t become the lifeblood". In ten years, the international oil prices also make Russia stride forward singing militant songs, pours. The Russian government has repeatedly stressed itself as a "safe haven" and "security island" in the financial crisis". But as the financial crisis continues to spread, oil demand in the international market drops sharply, oil prices drop sharply, the Russian economy will be plunged into the first recession in ten years. according to data released by the Russian Ministry of economic development, last year, Russia's GDP grew by 5.6% over the previous year, the growth rate dropped 2.5 percentage points year-on-year. Industrial production in Russia fell by 16% in January from a year earlier, the biggest decline in 15 years. in this regard, economic data, Li Jianmin believes that Russia's economic trend will maintain direct contact with oil prices. If the price of the future is not much fluctuation, maintained at $50 a barrel, Russia will be able to achieve gains in revenue generating foreign exchange; if the oil price back to $70, Russia will reduce the pressure of debt risk, will have the ability to adjust the benign circulation economic development. however, things can be satisfactory; because of the poor economic situation, many Russian private enterprises appear difficult to repay the debt maturity, the debt crisis may drag down the entire financial system. Li Jianmin pointed out that this year, Russia has about 150 billion U.S. dollars of foreign debt maturity, banks and enterprises without funds, only by the government to repay. As the government has the ability to take risks, although the external debt has little impact in the short run, there may be a debt peak in 2011. By then, the debt repayment can cope with, it really tests the strength of russia. other Eastern European countries are similarly heavily in debt. By the end of 2008, the total external debt of Eastern European countries had exceeded that of the BIS, according to the BIS