Global recession hits hard on Russian economics. 10.9.2008 Pravda established an article about bad times: Decreasing oil prices destroy Russian stock market. Perhaps Georgian war and the harassment of the foreign business did some harm too. But last Friday (12.9.2008) Medvedev seemed still optimistic according to ITAR-TASS: Medvedev says seeing no risks in world financial markets crisis. Well, it did not take long time to open Medvedevs eyes as the Moscow stock exchange had to be closed after the RTS Index falled -11.47%.

And the it was Putins turn to tell, that everything is OK. Russian economy solid enough to ride out world crisis - PM Putin. Well, if -50% is solid I will agree. 

---

Add this page to your favorite Social Bookmarking websites