Russia Suspends Trading, Medvedev Steps Fail To Reassure

Russia halted trading on the ruble-denominated Micex Stock Exchange until Friday and shut the dollar-denominated RTS exchange indefinitely after President Dmitry Medvedev’s latest $36 billion injection into the banking system failed to halt the markets’ slide. (Bloomberg)

The Micex Index dropped for the sixth day, falling 14% to the lowest level in more than three years. The turmoil in Russia’s markets, which began after its invasion of Georgia in August, has so far cost Moscow $186 billion in emergency support.

Sources: (Bloomberg, Kommersant, Barents Observer, Russia Today)