A worker welds a pipeline at the South-Russian OAO Gazprom gas field, in Eastern Siberia, Russia.
Gallon of gas: $3.93
Interest Rates: 11%
Sinking natural gas and oil prices shrink exports, and investor jitters over Russia's military takeover of Georgia crush the stock market. Russian banks are hit particularly hard by the credit crisis because they hold significantly more in foreign debt than national assets. The central bank sets up a $50 billion lending facility for financial institutions, and the finance minister indicates there is more money coming.
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Sources: IMF, national statistics offices, central banks, stock exchanges, AIRINC