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Credit Chill Spreads to Russia

Georgian war spooked foreign investment, destabilized economy

By Nick McMaster, Newser Staff

Posted Oct 8, 2008 4:31 PM CDT

(Newser) – The credit crisis has officially reached Russia, revealing just how fragile the Russian economy is, BusinessWeek reports. Stocks fell so much this week that the government today suspended both exchanges to stem further loss. But the country's reliance on foreign cash—disappearing as investors flee—... Read full story »

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Credit Chill Spreads to Russia

Georgian war spooked foreign investment, destabilized economy

Russia • Vladimir Putin • Georgia • finance • bank • investment • credit • credit crisis • economy • financial crisis

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More Newser Stories

Russia Tycoons Seek $78B Kremlin Bailout

Looming foreign debt forces oligarchs to return power to state

Putin Promises to Help Sliding Russian Economy

With many paychecks weeks behind, crisis reminds nation of '90s collapse

Bad Credit News Means Good Tidings for Analysts

Demand for financial insight buoys Breaking Views, other sites

Russian Banks Foreclose on Pigs, Lingerie

As defaults soar, banks stuck with weird collateral

Risk Aversion Keeps Loans Shrinking

Trend suggests economy has a long way to go

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