Toxic assets problem in the banks is comprehensively discussed in Russia. "Russia does not have a major toxic asset problem in the banks. Russian banks were not really involved in buying these derivative securities," Martin Gilman, Professor at the Higher School of Economics, said.
The SU-HSE professor Y. Nadorshin comments Kazakh President N. Nazarbayev initiative to establish common currency "yevraz" for five former Soviet republics.
Ukraine lurched nearer towards an economic precipice on Thursday after Russian Prime Minister Vladimir Putin threatened to cut off gas to the country for the second time this year over unpaid bills.
Martin Gilman, the Head of the SU-HSE Centre for Advanced Studies, comments Russia’s anti-crisis efforts within G20 framework
By now almost everyone on the planet has felt to one degree or another the most virulent global economic crisis since the Great Depression. Its largely unanticipated destructive force has humiliated once-mighty financial institutions and companies, humbled economists, devastated investors, scared consumers and challenged public authorities around the world.