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Around the World's Markets: RUSSIA

Markets across Eastern Europe fell yesterday as Russia's economic turmoil worsened when it failed to raise the necessary 7bn rubles ($1.1bn) to repay maturing debt. The leading RTS shares index fell 6.21 per cent in an uncertain market, traders said.

The International Monetary Fund is expected to hand over a $670m tranche of Russia's $9.2bn loan in a week or so, but markets were hoping the G7 would announce more aid.