The situation today is very different from that in 1998, when Russia was running twin fiscal and current-account deficits. Russia needed to borrow, and it was borrowing heavily in foreign currency.
但俄罗斯并非任人宰割的经济软柿子&mdash;&mdash;至少目前还不是。今天的状况与1998年截然不同。1998年，俄罗斯存在财政和经常项目双赤字。俄罗斯需要贷款，并大量以外币贷款。这意味着当卢布贬值时，俄罗斯的债务会增加。最终，违约不可避免。