Today

just now

The goalkeeper of "Columbus Blue Jackets" Sergey Bobrovsky set a team record, having reflected 46 throws in 60 minutes of playing time. The forward of "Washington Capitals" Alexander Ovechkin strength...

just now

The authorities of the Netherlands increased the level of terrorist danger to the highest in the province Utrecht where there was a firing. De Telegraaf reports about it.

just now

The commentator Vasily Utkin is sure that the referee of a meeting of the 20th tour of the Russian Premier League (RPL) between Spartak and Zenit Vladimir Moskalyov had to award a penalty for a foul o...

just now

At least one person died as a result of firing in the Netherlands city of Utrecht.

Date: 7 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.

URL:

Photos of day