Bankers expect the Russian government an active protection from the crisis

Finansy24-09-2007 In September the global financial market has not given to economists to miss - by a crisis of mortgage lending in the U.S., exchanging in Europe, reacted and Russian financial institutions: analysts saw the negative analogy between the U.S. mortgage lending and domestic, stock market experienced a decline, and finally, the Russian banking system is also marked some nasty trends. Panic in the West and the real increase in the price of money, developed in the U.S. (from 2004 to 2007, the discount rate rose from 1% to 5.25%), caused a crisis in Europe: loss suffered several major lenders in several countries. As a result, the U.S. crisis interbank lending rate LIBOR jumped to the highest value since June - by 60 basis points, reaching 6.47% per annum and is now approaching 7%. Hardest hit British bank Northern Rock, from which depositors with more than 2 billion pounds of rendered crisis in the interbank market to the consumer. September 14, Russian President Putin has reassured Russia, the banks that hold too much in the international marketplace, assuring on meeting the Valdai Club, which does not fear economic crisis in Russia due to the instability in world markets: "Great fear not", but still noted that "when the mortgage market in the U.S. has swung, we felt it. This was reflected in us. "