The dramatic reversal of fortune experienced by Russia supplies the conversations between the delegations present at the Davos Forum.
The Renault-Nissan boss who controls AvtoVAZ, Russia's largest car manufacturer; expects a drop of at least 20% of the Russian car market this year.
Plummeting crude oil prices and sanctions imposed by the West against Russia during the Ukrainian crisis have largely affected the confidence of investors that have plunged the ruble.
"Economists have lowered their growth forecast in Russia for the current year and beyond. They think that the problems of the Russian economy will last, says Sarah Chappell, one of our special envoys in Davos. There are no visible signs of lifting of international sanctions and the price of crude weakness should last well into 2015, according to experts. "
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