Russian reserves rise by 15 bln

Sberbank to stop giving non-rouble loans

Russian Central Bank increases official exchange rates of euro and dollar against rouble

Analysts predict further weakening of Russian currency

Ministers from more than ten GAS-exporting countries are meeting in Moscow to discuss setting up an organisation similar to the oil cartel OPEC

Era...

- Russian Central Bank devalues rouble one more time
-Toyota forecast its first annual loss in 71 years

-Russia's and US car makers in deep crisis
-5 mln unemployed in Russia

-Oil prices are plumetting,euro is strengthening
-Gazprom threatens to cut gas supply to Ukraine from January

Today in Business News

OPEC plans to cut oil production by 2 m barrels

Rouble's devaluation continues

-Russian industrial production shrinks most since economic collapse of 1998
-GM plant in St.Petersburg to hault its assembly line

- Russia devalued the rouble once again
- The biggest banks was hit worldwide by vast pyramid scheme

-Deputy Economy Minister says that Russia is already in recession

- Bail-out for the US car industry failed to get Senate support