Latest Russian financial crisis Stories
The chairman of Russia's Central Bank, Sergei Ignatyev, said banks in Russia are ready to comply with the prime minister's orders to increase lending. The outside crisis factors that were the thrusts, as it were, for our economic crisis are not active any more, Ignatyev said during a meeting with Prime Minister Vladimir Putin. The oil price is normal and the capital outflow ...
Economic growth in Russia will be near zero in 2009 and government revenues could decline by 40 percent, officials in Moscow said Friday. Finance Minister Alexei Kudrin told lawmakers in Moscow the global financial crisis will cause revenues to decline this year by 4.4 trillion rubles ($133 billion) -- more than 5.4 percent of Russia's gross domestic product -- RIA Novosti reported. Our economic growth will most likely be close to zero, Kudrin told the State Duma. He said Russia would have to...
A Russian Central Bank official said Saturday the banking group will widen exchange rate parameters for the ruble in light of the poor economic conditions. First Deputy Chairman Alexei Ulyukayev said in an attempt to aid society and business in Russia, the Central Bank is widening the exchange rate of the country's main currency, RIA Novosti reported.
Russia has moved to set aside $325 billion to help the country's banking industry, Prime Minister Vladimir Putin said. To date, about $140 billion has been made available, Putin said in Moscow at the economic organization EurAsEC.
By Andrew E. Kramer When Vladimir Putin talks, investors in Russia listen. And some head for the door.
MOSCOW. July 25 (Interfax) - Shares in the Mechel (RTS: MTLR) coal and steel group plunged 33% in trading on the RTS exchange Friday, following Prime Minister Vladimir Putin's harsh criticism of the company on Thursday and a subsequent drop in New York trading.
- The abrogation of a law by a higher authority; annulment.