A plunge in oil below $60 and the failure of an emergency interest rate rise to stabilise Russia's ruble sent another shock through global financial markets on Dec.16, adding to a growing sense of crisis in a volatile end to 2014.
Russia's War Against Ukraine
Reuters: Oil sinks, Russian moves fail to quell world stocks
A logo of the Russian Transneft oil transporting joint stock company is pictured at the entrance of the management company in Moscow, on Jan. 8, 2006.
