Russia Update: Medvedev Approves $35 Billion Rescue Plan for Stricken Economy

January 28, 2015
Prime Minister Dmitry Medvedev takes aim at a farm in Bryansk on January 27, 2014. Photo by Bryansk Today.

Welcome to our column, Russia Update, where we will be closely following day-to-day developments in Russia, including the Russian government’s foreign and domestic policies.

The previous issue is here, and see also our Russia This Week stories ‘Anti-Maidan’ Launched by Nationalists, Cossacks, Veterans, Bikers and The Guild War – How Should Journalists Treat Russian State Propagandists? and special features ‘Managed Spring’: How Moscow Parted Easily with the ‘Novorossiya’ Leaders, Putin ‘The Imperialist’ A Runner-Up For Time’s ‘Person of the Year’ and It’s Not Just Oil and Sanctions Killing Russia’s Economy, It’s Putin.

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Prime Minister Dmitry Medvedev launched a $35 billion rescue plan for Russia’s failing economy. Rosneft, the state oil company is requesting 1.3 trillion rubles (US $19.16 billion) from Russia’s National Welfare Fund.