Real estate loans hit both banks and borrowers
Published: 26 February, 2009, 17:17
Russians who have taken out mortgages are finding it increasingly difficult to meet loan repayments as the credit crunch continues to bite.
breakingnews
The calm before the storm – Monday's market holiday in the U.S. and its accompanying low volumes in the rest of the world belied the kind of turbulence later on that hadn't been seen for some weeks.
In a second round of bank bail-outs, Prime Minister Putin this week approved $28 billion in fresh liquidity. But unlike previous banking bailouts its emphasizing the funds don’t get used to speculate against the Rouble.
The Rouble has fallen to historic lows against the dollar and other major currencies. In Russia, people who took out mortgages in foreign currencies are struggling to keep their homes.
11.10.2010, 21:29
3 comments
Aleksey Kudrin, head of the Russian Ministry of Finance, was presented the Finance Minister 2010 award by Euromoney magazine.
22.07.2009, 11:05
2 comments
The former chairman of Russia's Central Bank Viktor Gerashchenko spoke to RT about the causes of the world’s money troubles, a global reserve currency and international financial organizations.
06.06.2009, 12:45
1 comment
Delegates from more than 70 countries have been gathering in St. Petersburg for a major economic forum to help define the world's post-crisis financial architecture.
06.09.2009, 17:30
1 comment
If Russia spends the money it made from oil and gas sales in 2009, there would be no safety net in the economy. No net means a higher risk of inflation, says Russia’s Finance Minister Aleksey Kudrin, speaking to RT.
Russia meat producer, Cherkizovo, has posted a 1H 2009 Net Profit of 1.66 billion Roubles under US GAAP.
Russia's Central Bank again widened the rouble's trading band against the bi-currency basket on Thursday. This time it was by 50 kopecks instead of 30 – which has increased the pace of devaluation.
What's on the G20 summit agenda, and what is the most efficient way of handling the economic slowdown? RT speaks to presidential aide Arkady Dvorkovich about the challenges the financial crisis poses to the international
Published: 26 February, 2009, 17:17
Russians who have taken out mortgages are finding it increasingly difficult to meet loan repayments as the credit crunch continues to bite.