Saturday, 6 September 2008

Russian Invasion Spooks Investors

BBC: After further falls on Friday, the Russian stock market has plunged more than 30% since the country's invasion of Georgia last month.

Investor confidence has been hit hard by the conflict.

Some international banks estimating that between up to $20bn (£11bn)in foreign capital has been pulled out of Russia in the last month alone.

Since the invasion the value of the rouble has slumped, reportedly leading to the central bank stepping in.

So whereas Russia may have got away with a slap on the wrist from Europe for its invasion, Moscow is being punished much more directly by international investors. Russian Invasion Spooks Investors >>> By Rupert Wingfield Hayes, BBC Moscow correspondent | September 5, 2008

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