SUBSCRIBE BY RSS rss feed | EMAIL
Natural Solutions Radio header image

Putin

Russia prepares to bail out its banks as economy collapses

By Barker: (NaturalNews) Russia's economic crisis continues to worsen as 2015 begins, with its bank bailout having now been expanded to include Gazprombank, the nation's third-largest lender. On Dec. 31, OAO Gazprombank confirmed that it would receive more than $700 million in aid as the Kremlin scrambles to protect the country's banking sector after the ruble's free fall in 2014, which ended the year by having decreased in value more than 40%.