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CEE Explained: Russia - the pain and the gain

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Russia is the most dominant country in Central and Eastern Europe, with significant political and military power over former soviet neighbours for example. However, the economy is suffering and the pain cannot be blamed entirely on the low oil price.

Russian analyst Nadia Kazakova explains why the Russian economy has been hit by a "perfect storm" and assesses the risks investors face if they are prepared to take on the Russian bear.