Russia: In Uncertain Times All That Glitters is Gold

Russians are rushing to buy gold as the Rouble continues to depreciate...

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Source: Russia Today

Russia: Foreign Investment Down 14% to $76 Bn

Foreign investment in Russia fell 13.8%, year-on-year, in January-September to $75.8 bln while accrued foreign capital rose 27% from a year ago to $251.3 bln, the country's top statistics body said on Wednesday...

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Source: RIA Novosti

X5, Russia's Top Food Retailer Secures Financing

X5, Russia's top food retailer by revenue, said on Friday it has secured 7 billion roubles ($255 million) in financing from VTB bank as part of the government's rescue plan for the retail sector...

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Source: Reuters

Russia: Reserves for Budget Cash, Stocks Fall

Russia's financial crisis will last at least another year and the government will have to dip into reserves to plug gaps in next year's budget if oil prices remain low, Finance Minister Alexei Kudrin said on Wednesday...

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Source: Reuters

Russia: central bank allows rouble to weaken

Russia's central bank let the rouble weaken on Tuesday against a euro-dollar basket, beyond the 30.41 level it has defended in recent months, and market participants said more gradual depreciation was likely...

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Source: Associated Press