Ukraine’s ex-president ready to take part in court hearingsWorld June 26, 11:03
Telegram founder rejects watchdog’s demands as contrary to Russia's ConstitutionBusiness & Economy June 26, 10:37
Russian Culture Ministry urges Arctic tourism developmentSociety & Culture June 26, 8:27
Scientists call Arctic 'blank space' on world archaeology mapBusiness & Economy June 26, 8:13
Anton Siluanov: “...It's worth any price you pay”Business & Economy June 26, 8:00
Russia hopes Astana peace talks will produce memorandum on de-escalation zonesRussian Politics & Diplomacy June 25, 20:31
Russians’ real incomes up by 3% in May - Russian finance ministerBusiness & Economy June 25, 18:39
All doping tests of Russian players at 2014 FIFA World Cup are negativeSport June 25, 15:10
Police refrains from calling Newcastle incident a terrorist attackWorld June 25, 13:14
MOSCOW, December 30. /TASS/. Russia has doubled bank deposit insurance to 1.4 million rubles ($24,500) as part of the government’s measures to stabilize the domestic financial system and stem a run on ruble deposits amid the national currency’s depreciation.
The law on doubling the deposit insurance also authorizes the Deposit Insurance Agency, which is a state operator for deposit compensation payouts, to recapitalize domestic banks by 1 trillion rubles (about $17.6 billion) by investing in banks’ preferred shares and subordinated debt.
The government has worked out recapitalization measures after the ruble’s slump on the Moscow Exchange two weeks ago.