Russia considers bail-out for banks

Article reports that Russia was looking at a bail-out of its banks, June 2009, that would go further than the emergency action taken by the US, amid growing fears that bad loans could paralyse the country’s economy.

ESO: Background information: Medvedev warns on bank debt http://www.europeansources.info/record/medvedev-warns-on-bank-debt/

ESO: Background information: IMF tells Russia to check extent of bad loans http://www.europeansources.info/record/imf-tells-russia-to-check-extent-of-bad-loans/

ESO: Background information: Russian market sell-off breaks 20% level http://www.europeansources.info/record/russian-market-sell-off-breaks-20-level/

Reuters, 16.6.09: Russia to limit bank bailout funds-draft law http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSLJ22044920090619

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