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. Last Updated: 07/27/2016

11/20/2008

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$57 Bln Spent on Ruble in 2 Months

Central Bank Chairman Sergei Ignatyev and Finance Minister Alexei Kudrin tell the Duma about their anti-crisis measures. Ignatyev said the bank had spent $57.5 billion in the currency market to shore up the ruble in September and October.

Investors Spooked By Halts In Trading

Since early September, Russia’s MICEX exchange has experienced multiple one-day percentage drops in the double digits and lost almost 60 percent of its value. What MICEX chief financial officer Alexei Rybnikov said that is really scaring investors, however, is the erratic halts to trading.

Migrants Flee Neighborhood After Sex Killing

Almost daily, street cleaners paint over racist graffiti on apartment buildings on Ulitsa Kubinka, where a teenage girl was raped and strangled last month purportedly by an Uzbek immigrant.

Government Waffles On Electricity Prices

The government could delay the liberalization of power prices, a key element of the electricity sector reforms that enticed investors to take on mandatory multibillion-dollar expansion programs, a state-controlled watchdog for the industry said Wednesday.

Overdue Wages Soar 33% in October

Overdue wages soared 33 percent in October, reaching more than 4 billion rubles ($146 million), as the cash-strapped manufacturing, transportation, construction and agriculture sectors have begun delaying payments, the State Statistics Service said Wednesday.

Cypriot Visit Yields Stocks Deal

Combined Reports
Russian stock exchanges may list Cypriot companies under a deal between VTB Group and the Cyprus Stock Exchange reached after a meeting between President Dmitry Medvedev and Cypriot counterpart Dimitris Christofias.

Call-Center Drama For One Person Only

An unusual offering from the New European Theatre Festival transports you across the globe with a single phone call. The thrill starts when one is brought into a hotel room and left sitting there wondering what will happen next, but where it ends is different for everyone.

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