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. Last Updated: 07/27/2016

10/24/2008

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Deputies Approve $18.5Bln Bailout

Staff Writers
The State Duma took less than two hours Thursday to approve a raft of bills allowing the government to spend more than $18.5 billion bailing out troubled banks and supporting the plummeting domestic stock market.

Telling a Driver When to Stop

Twelve-year-old Artyom Morozov was midway through a crosswalk on Kashirskoye Shosse in southern Moscow when the Gazel minivan plowed into him.

VEB Thrust Into the Role of Savior

Vneshekonombank, which does not even report to the Central Bank because it has no banking license, will soon take charge of $74 billion, or 14 percent of the country's reserves.

Frozen Students Loans Stir Fears on Campuses

Hundreds of the country's brightest students fear possible expulsion from their universities for failing to pay tuition fees after their student loans were frozen amid the financial crisis.

Inter RAO to Spend $5.5Bln Abroad

State-controlled electricity trader Inter RAO will spend at least $5.5 billion on acquisitions in Latin America, Asia and Africa in the next two years, the company said Thursday.

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