Economics
How Russia Can Escape the Financial Crisis
Liberal Charter, a Russian political alliance led by liberal economist Andrei Illarionov, writes a scathing statement against the Russian response to the financial crisis, and describes a pathway out of the crisis. Exclusive translation by theotherrussia.org.
Oct 29, 2008 | Continued
Russian Markets Collapse, Trading Halted
Russian stock markets experienced another collapse today, dropping to new lows. Trading on both the RTS and MICEX exchanges has been halted until Tuesday October 28th.
Oct 24, 2008 | Continued
Falling Oil Prices May Send Russian Budget into Deficit
Oil prices have dipped to levels dangerous for Russia’s federal budget, dropping near or below $70 per barrel on the London, Tokyo and New York exchanges.
Oct 17, 2008 | Continued
Financial Crisis Spilling into Real Russian Economy
Russian Prime Minister Vladimir Putin underscored today that the global liquidity crisis is spilling into the real sector of the economy, despite the government’s best efforts to keep the financial sector under control.
Oct 13, 2008 | Continued
Russians Withdrew 37 Billion Rubles in September
As a liquidity crisis continues in Russia’s financial sector, the Vedomosti newspaper reports that Russian depositors withdrew 37 billion rubles from private sector banks in September.
Oct 13, 2008 | Continued
Real Inflation in Russia is 40 % –Research Group
The Romir Group, a Russian polling agency and market research firm, has published a new report that serves as an alternative to official inflation figures in Russia. Urban residents have seen expenses rise 40.7%, Romir finds.
Sep 29, 2008 | Continued
Medvedev to Business: Stop Whimpering
At a meeting on the development of the Magadan Oblast, Russian President Dmitri Medvedev told representatives of the gold-mining industry to stop “whimpering.”
Sep 24, 2008 | Continued
Putin Is Ruining Russia’s Economy – Kasparov
Writing for the Wall Street Journal, Russian opposition leader Garry Kasparov links the Russian stock market collapse to Prime Minister Vladimir Putin and President Dmitri Medvedev. “Until Russia has a government that is accountable to its citizens, no company or individual will be safe here,” he writes.
Sep 19, 2008 | Continued
Experts Comment on the Russian Market’s Downward Spiral
Russian experts were asked for their take on the consequences of Russia’s crashing stock market for the country’s economic and political future. Translation by theotherrussia.org
Sep 18, 2008 | Continued
Medvedev – US Has Let World Markets Down
Russian President Dmitri Medvedev tried to soothe Russia’s falling stock market, while taking a jab at the United States.
Sep 11, 2008 | Continued