Category Archives: Russia

Russia Does Its Own Bailout

International money has fled Russia since the country invaded Georgia. The free market metes out its own form of justice. Capital does not like bullying wars of aggression and it does not like the police state in Russia. From IHT: … Continue reading

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Bailing Out Russia’s Richest Man

From the WSJ: People close to the situation said that on Tuesday Russia allowed Alfa Group, a conglomerate controlled by businessman Mikhail Fridman, to tap its $50 billion rescue fund to pay back a $2 billion loan to a group … Continue reading

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Invasion Of Georgia Gives Russia A Body Blow

Report: Known for its light government regulation and widespread corruption, Russia’s economy has been unable to cope with the tightening of credit, leading to the fire sales of banks and firms. The upheaval also raises serious concerns about the Russian … Continue reading

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Russia’s Economic Woes

Report: Prime Minister Vladimir Putin on Monday called on the government to make sure companies receive financial aid that is being earmarked for them, addressing concerns that the money may not reach its intended recipients quickly enough, or at all. … Continue reading

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Russia’s Mortgage Troubles

Report: Midsized lender RosEvroBank has asked clients to pay back their mortgages right away rather than risk the prospect of real estate prices falling 30 percent, the bank said on Friday. RosEvroBank chairman Ilya Brodsky said that dropping property values … Continue reading

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Russia’s Financial Death Spiral

Report: Finance Minister Alexei Kudrin said that the banks will get 950bn roubles (£20.6bn) for five years to prevent “insufficient stability” of certain institutions. The country’s big four oil and gas companies have also asked Moscow for loans in order … Continue reading

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Russia’s Refinance Troubles

From the Financial Times: A backlog of $45bn in foreign debt held by Russian companies and banks remains to be refinanced by the end of the year amid increasingly difficult conditions as western investors reprice the risk of doing business … Continue reading

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Russia Needs To Refinance

From the Financial Times: Many Russian companies held off raising debt this summer in the hope the cost of money would decrease and there is now a backlog of $45bn (€31.8bn, £25bn) in debt, according to Standard and Poor’s, the … Continue reading

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