icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Russia fights to prevent panic sells

The situation on the international markets remains grim as global stocks take yet another plunge. A massive sell-off on Wall Street on Thursday, and the escalating global equity crisis, sent Asian stocks down sharply.

In Russia, the government is aiming to prevent individuals and investors from panic-selling and causing a run on banks.

The State Duma will again debate changes to the law on Friday, which would see Russian people's savings protected up to 700,000 roubles, which is almost $30,000.

At the moment, only 400,000 roubles of investment is guaranteed.

The lower house of parliament will also consider plans to stabilise the domestic financial market.

The measures are aimed to prevent Russia from being further affected by the international financial crisis.

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.

Podcasts