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October 13, 2008
The State Horn of Abundance
By Dmitry Babich
Russia Profile
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As the financial crisis in the world shows no sign of subsiding, the Russian government is taking unprecedented steps aimed at staving off what the experts call “a run on the banks” in the country. In order to protect the small investor, the Duma adopted a draft bill that will fully insure bank deposits worth up to 700 thousand rubles – the most the Agency on Deposits’ Insurance can promise to give back to the depositor without endangering the insurance fund.

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