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The representative of delegation of Ukraine at a meeting of the UN General Assembly reminded again of "need" to deprive of members of council of Safety of the world organization of an opportunity to use the veto.

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The forward of Russian football team Artyom Dzyuba expressed opinion on the reasons of defeat of team from Sweden in a match of the sixth tour of a group stage of the League of Nations of UEFA.

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Investigators find out circumstances of death of the 25-year-old man on a runway of Sheremetyevo Airport.

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The midfielder of Russian football team Ruslan Kambolov commented on defeat of team from Sweden in a match of the sixth tour of a group stage of the League of Nations of UEFA.

Date: 3 months ago   Category: Business

Reset time: 20 years ago in Russia there was a default — RT in Russian


On August 17, 1998 the Government of the Russian Federation has declared a technical default according to debt obligations of the country. Impetuous growth of a national debt, huge budget deficit, untwisting of a pyramid of state treasury bills, political conflicts and also global drop in oil prices and crisis in Asia — all this has pushed the state to bankruptcy. But the economy collapse has allowed to start a market mechanism in the country at the turn of the century and next millennium to reach the new level of development. Eyewitnesses of events of twenty-year prescription are experts and ex-officials — have shared with RT reminiscence about the largest economic shock in modern national history and have told the vision of the reasons and consequences of a default.

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