Anna Blundy studied Russian at University College, Oxford, and is a columnist and former Moscow Bureau Chief for the Times during the 1998–9 financial crisis.
In 1999 Bi-2 moved to Russia, where they previously tried to release their already recorded album "Bespolaya i Grustnaya Lubov" (Genderless and Sad Love, 1998), but their plans were ruined by Russian financial crisis of 1998, which affected the record business.
Gregory Dale Hawkins was a trader and principal in the hedge fund Long-Term Capital Management that after four spectacularly successful years lost most of its clients' money in 1998 when the Russian government defaulted on its debt payments on August 17, 1998, triggering a devaluation of the Russian ruble.
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