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breakingnews
05.02.2009, 17:22
The Russian government is to provide 400 Billion Roubles – about $11 Billion – in additional funding for Russian state and private banks.
05.02.2009, 17:07
The Rouble briefly slipped below the Central bank's trading limit of 41 to the dollar-euro currency basket at around 1300 Moscow time on Thursday.
05.02.2009, 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.
12.11.2009, 14:36
8 comments
On Thursday, Russian President Dmitry Medvedev delivered his second address to the nation’s parliament, The Federal Assembly. He touched on urgent problems society currently faces, and spoke of pragmatic solutions.
12.03.2010, 14:39
5 comments
Russia's budget deficit in January and February reached $6.6 billion, according to the Finance Ministry. The government hopes to limit the annual deficit to about 7% in 2010 and fill the gap between income and spending.
01.06.2009, 22:02
6 comments
The international monetary fund has issued a new forecast for the Russian economy for this year. It's predicting a sharp contraction, but there's some good news amongst the grim statistics.
19.03.2010, 13:31
6 comments
President Medevev has announced during a speech to young scientists that Russia is to build its equivalent of Silicon Valley in the village of Skolkovo near Moscow.
29.09.2009, 20:04
5 comments
Russia is preparing for a new wave of privatization according to Prime Minister Vladimir Putin. The move could help not only improve Russia’s budget outlook, but also its image.
18.12.2009, 11:24
2 comments
Vladimir Putin has ordered an extra $700 million to be pumped into the country’s aircraft manufacturers.
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.
Published: 06 February, 2009, 12:40
The Russia government says it will not nationalize private banks to help them through the crisis. Instead it plans to give them $9 Billion in subordinated loans and expect banks to restart credit activity.
