Bank of America experts have analyzed tendencies in the global stock market and concluded that they are similar to the situation of 1998 when the Asian region was experiencing an economic crisis and was declared a default in Russia. Thus, the financial organization warns about possible repetition of the global economic crisis, RIA Novosti reports.

Economist Mikhail Belyaev commented on the possibility of crisis on sputnik radio broadcasting.

"The CIS countries are well connected with the Russian economy. These states complete to each other. We must not only use the internal potential of Russia, but also use the whole potential of the CIS countries, which was founded in the times of the USSR. So even if this crisis comes, it will not be so noticeable for us, "the expert said.

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