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Putin urges Russian banks to boost lending
Prime Minister urges bank chiefs not to take summer vacations until this is done
Russian Budget Won’t Recover for ‘Foreseeable Future’ (Update1)
bloomberg.com — June 29 (Bloomberg) -- Russian Prime Minister Vladimir Putin said it will take years for the government’s... finances to recover from the worst economic slump in more than a decade and called for more spending cuts to limit future deficits. Revenue will ... (more) Russian Budget Won’t Recover for ‘Foreseeable Future’ ...
Putin invites Shell to join Sakhalin 3, 4 projects
forbes.com — (Adds Putin, van der Veer quotes, background) MOSCOW, June 27 (Reuters) - Russian Prime Minister Vladimir Putin... has invited Royal Dutch Shell ( RDSA - news - people ) to participate in Sakhalin-3 and Sakhalin-4 natural gas projects at a meeting ... (more) Putin invites Shell to join Sakhalin 3, 4 projects
Putin Bashes Food Prices
thebigmoney.com — You can pretend to take the man out of the Party, but you can't pretend to take... the Party out of the man. Russians are up in arms over rising food prices. Prime Minister Vladimir Putin is using their ire to make himself appear to be in touch with ... (more) Putin Bashes Food Prices
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Putin to Bankers: No Vacation Until Loans Are Made
DealBook — ... Press reported. Russia’s economy has been hit hard by the global financial crisis, with borrowing reduced sharply. Stock markets and the national currency have regained some of their initial losses, but businesses still complain that credit is hard to come by. At a meeting with government ministers and bankers, Mr. Putin urged state-controlled banks to boost their loan portfolios by at least 150 billion rubles ($4.8 billion) in July, and by similar amounts in August and September. Go to Article from The Associated Press via The Globe and Mail »

Opening Bell: 06.30.09
Dealbreaker — ... Someone came to work today. 10 more could be charged in Madoff scam (AP) No names specified but surely you can come up with some. UBS Selling Park Avenue Stake (NYP) "This could be the one that pries open the market again. After the peanuts paid for 1540 Broadway and the fact that Deutsche Bank doesn't seem able or willing to unload Worldwide Plaza, a decent number for a big piece of 299 Park would help restore a sense of value." Putin Urges Russian Banks To Boost Lending (Globe And Mail) And suggested no vacations for Russkie ...

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