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breakingnews
05.02.2009, 10:32
Russian banks, including private ones, may receive $40 Billion from the Government for recapitalization. But experts warn many healthy regional banks may close as the result of the policy.
05.02.2009, 10:08
Fitch Ratings downgraded Russia on Wednesday, to BBB. But Finance Minister Aleksey Kudrin says what matters is not ratings, but the health of the real economy.
04.02.2009, 16:59
Fitch Ratings has downgraded Russia’s debt rating to BBB for the first time since the 1998 crisis.
20.02.2009, 18:45
Russian society at large will now be concentrating on giving more economic and political power to the producers of goods, says Matthew Maly, a Russian-American sociologist.
06.02.2009, 19:55
Russian diamond monopoly Alrosa has no plans to cut production despite the economic crisis. To survive low diamond prices and shrinking demand the company will sell half of its output to the State Depository this year.
14.02.2009, 14:14
Gold is hovering near $940/oz with Russia's leading precious metals producers claiming to Business RT the price will keep rising, because paper currencies are no longer trusted.
20.04.2009, 13:03
7 comments
As the world financial and economic crisis comes into its own, the Western community leaders are seeking to impress on mankind the idea that this upheaval will end up ‘turning the world into something different’.
22.10.2010, 19:17
4 comments
The privatization agenda outlined by First deputy Prime Minister Igor Shuvalov, will seek to both shore up the government’s budget gap, and bring about major change in the Russian corporate market.
20.02.2009, 17:58
4 comments
The stimulus package developed by the Russian government looks good on paper, but implemention is too slow, according to the Russian President, addressing the State Council assembly which took place in Eastern Siberia.
16.07.2009, 21:27
2 comments
The murder of Russian human rights activist, Natalya Estemirova, cast a shadow over the Russian-German talks. However, President Dmitry Medvedev said he is sure the murderers will be found.
Published: 05 February, 2009, 14:51
UC Rusal, one of the world largest aluminium producers has embarked on a major cost cutting program which will see output axed and investment programs pared back as the company fights to restructure its debt.
