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Russia's oligarchs looking for government help

MOSCOW -- Russia's fabulously wealthy still have their black Mercedes with tinted windows, the battalions of bodyguards, the extravagant homes, perhaps even a few remaining friends inside the Kremlin. But these business barons, who made overnight fortunes during Russia's unruly transition to capitalism, have been among the biggest losers in the country's latest economic meltdown.

http://chronicle.augusta.com/stories/1999/02/26/bus_254487.shtml
Business
Central Bank defends use of obscure offshore company

MOSCOW -- Russia's Central Bank denied on Thursday that it had done anything wrong when it used an obscure offshore company to manage billions of dollars of the...

http://chronicle.augusta.com/stories/1999/02/19/bus_253792.shtml
Business
Russia's Central Bank prints money, offers credits to help banks

MOSCOW -- Russia's Central Bank has printed almost $66 million in new rubles and issued short-term credits to get cash flowing through the frozen banking system...

http://chronicle.augusta.com/stories/1998/09/22/bus_239649.shtml
Business
Russia commercial bank about $2 billion in debt

...Ryan, CEO of Moscow's United Financial Group, an investment bank. Today, SBS-Agro is in a standoff with Russia's Central Bank. The Central Bank imposed temporary administration over SBS-Agro and called for it to be nationalized, suspecting...

http://chronicle.augusta.com/stories/1998/09/18/bus_239267.shtml
Business
Russia's Central Bank chief favors printing new rubles

MOSCOW -- Russia's new government showed some of its cards Tuesday, proposing to print money to pay back wages and impose some Soviet-style controls over the market -- but also making a key appointment to enhance its reform credentials. The head of the centrist Our Home Is Russia parliament faction, Alexander Shokhin, was named deputy prime minister in charge of financial issues -- a daunting job as Russia tries to pull itself out of its economic morass. He said he expected another member of his faction to be named to a Cabinet post later.

http://chronicle.augusta.com/stories/1998/09/16/bus_239108.shtml
Business
Russian bailout package now awaits parliament's verdict

MOSCOW -- Trying to avoid confrontation, President Boris Yeltsin invited parliament leaders to the Kremlin on Tuesday for tea and cookies to urge them -- nicely -- to pass the government's austerity plan. At stake could be the fate of a much-needed bailout package by international lenders. The International Monetary Fund, the World Bank, and the Japanese government agreed Monday to give Russia $17.1 billion in new loans to boost its economy. When combined with already-negotiated loans, the bailout agreement totals $22.6 billion.

http://chronicle.augusta.com/stories/1998/07/15/bus_233389.shtml
Business
Russian Central Bank tries to reassure country

MOSCOW -- Russia's Central Bank chief moved to reassure the country on Wednesday that its banking sector was sound, and a major state-owned bank stepped in...

http://chronicle.augusta.com/stories/2004/07/08/bus_421408.shtml
Business
Russian lawmaker accuses Central Bank of illegal investment

MOSCOW -- A lawmaker accused Russia's Central Bank on Friday of illegally investing its hard currency reserves in government treasury bills and hiding some of the profits. Nikolai...

http://chronicle.augusta.com/stories/1999/02/27/bus_254616.shtml
Business
Russian parliament's upper house approves 1999 budget

...Foreign creditors are also expected to start seizing Russia's assets abroad, the former first deputy chief of Russia's Central Bank, Sergei Alexashenko, said earlier this week. The 1999 budget factors in new IMF loans, though none have been...

http://chronicle.augusta.com/stories/1999/02/18/bus_253694.shtml
Business
Budget faces new battle in Russian legislature

...percent. Some lawmakers suggested Thursday that the Duma consider minting gold coins to help pay off back wages. Russia's Central Bank has reportedly opposed the idea as unrealistic. In another development, the Cabinet approved a bill Thursday...

http://chronicle.augusta.com/stories/1999/01/29/bus_251630.shtml
Business