Russia’s new MC-21 airliner to climb to 11km altitude in flight testsBusiness & Economy August 17, 12:31
Poll shows number of Poles seeing Russia as threat decreases by halfSociety & Culture August 17, 12:18
Typhoon armored car with new remote weapon station may pass into service in 2017Military & Defense August 17, 11:47
Gazprom increases exports to future consumers of Turkish Stream gas projectBusiness & Economy August 17, 11:31
Ex-German chancellor says Russia will not change stance on CrimeaWorld August 17, 11:09
Aircraft manufacturer says company ready to produce at least 30 MC-21 planes annuallyBusiness & Economy August 17, 10:39
Latvia to send observers to monitor Russian-Belarusian strategic military drillsMilitary & Defense August 17, 9:30
Russia's Il-114 should be capable of taking off from natural ground airfields — deputy PMBusiness & Economy August 17, 9:19
Russian servicemen to take part in joint drills in Mongolian desertMilitary & Defense August 17, 8:22
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.