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| Trading in Russian shares halted | Trading in Russian shares halted |
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| Trading on Russia's main stock exchanges has been suspended following steep falls in shares prices this week. | |
| The shock developments on Wall Street this week spurred a sell-off in Russian shares, which sank to three-year lows on Tuesday. | The shock developments on Wall Street this week spurred a sell-off in Russian shares, which sank to three-year lows on Tuesday. |
| Following a plunge of 6%, the dollar-denominated RTS index halted trading on Wednesday until further notice. It is down 60% since its May peak. | |
| Trading on the rouble-denominated Micex was also suspended. | |
| Confidence in Russian shares began to ebb after the country's invasion of Georgia last month with billions of dollars of foreign capital pulled out of the country in August alone. | |
| Adding to this there have been mounting worries over the global credit markets, particularly after the demise of US banking giant Lehman Brothers and problems at insurer AIG. | |
| The Kremlin moved to reassure investors by making available 1.13 trillion roubles ($39bn; £21bn) to three of the country's biggest banks to boost liquidity. | |
| The money will be offered to Sberbank, VTB Group, and Gazprombank for a period of three months to make it easier for them to lend to smaller banks at affordable rates. | |
| "These are market-making banks capable of insuring the liquidity of the banking system," the Finance Ministry said in a statement. |