August 23, 2015

Russia prepares rescue for cash-strapped firms 'too big to fail'

Russia is priming a rescue mechanism for companies on the verge of bankruptcy, an emergency measure that may be taken to contain fallout from the country's first recession in six years.

Prime Minister Dmitry Medvedev signed a government decree that enables cash-strapped companies to receive state guarantees for debt refinancing,.. Read more.

AFR

Related,
Ruble follows oil price down - DW
- Russian PM Dmitry Medvedev says Russia will boost forex flows to support rouble - Economic Times

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