Current Crisis in Russia

Current crisis in Russia.



Last week "Pravda" newspaper published the interview with former vice prime minister of Russian Government Boris Nemtsov concerning the finincial crisis in the country. Mr. Nemtsov commented on rising food prices and predicted that it may rise even more by 30% in next few months. According to the situation in financial markets and in the russian economy overall, former vice prime minister, also suggested people to purchase foreign currency,especially US$ to rescue savings, as he stated out that banks,especially small banks will probabely go bunkrupt and russian currency- rubles will be depriciated. This information was out last Friday 19th of September in http://www.pravda.ru/ Although, few hours later,since it was on-line,the interview was removed and,stranegely enough, was replaced with another one, where current prime minister said that there is nothing wrong in the budgetary system in Russia, and that ruble is not going to depreciate. This situation, looked, as two interviews were against each other and that Mr. Nemtsov's one had been said by someone from Government to be replaced in order not to create the panic in the society. Anyway, Boris Nemtsov had his say, and i guess, some people considered his predictions and act accordingely.