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Alcohol Delivered After Hours

Vedomosti

According to the law, it's not possible to buy alcoholic beverages at night, but there are ways around that. For example, alcohol can be received as a present, rented, or accepted as collateral. According to the law, it's not possible to buy alcoholic beverages at night, but there are ways around that. For example, alcohol can be received as a present, rented, or accepted as collateral. In Novosibirsk, sales of alcoholic beverages...

Sberbank Echoes Liquidity Warnings

By Howard Amos / The Moscow Times

... concerns about the availability of money to service debt. "There's definitely not enough liquidity to continue the growth of the banking sector," he said. "The Central Bank is now lending some money to banks, but mainly using some of the collateralized schemes," he added. "I don't think that's enough to provide enough liquidity." HSBC chief economist Alexander Morozov told The Moscow Times that the best way to prevent a drying up of liquidity was by organic growth based...

Creating a Culture of Giving

By Simon Saradzhyan

... is loans-for-shares, which was implemented when President Boris Yeltsin sought oligarchs' help to get re-elected, that continues to generate greatest resentment. In that scheme in 1996, the oligarchs loaned $780 million to the government, receiving collateral in the form of state-owned assets that were worth more than $2 billion at that time, according to leading Russia scholar Daniel Treisman. The government never paid the loans back, so the oligarchs ended up pocketing the assets that formed the...

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