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.

Please help The Interpreter to continue providing this valuable information service by making a donation towards our costs‏.

UPDATES BELOW

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.