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Watch CNBC Originals online: Episode 14 The Russian Gamble

Russia is reeling from the global financial crisis: its stock markets plunging , its currency on the brink. The drop in oil prices means the world's second largest oil exporter - recently rich - is now in the red. How will America end up paying? Will financial crisis turn into political and military instability? Will Russia be the first big test for President-Elect Barack Obama? Erin Burnett reports from Moscow in CNBC's original programming "The Russian Gamble."

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