Around the World's Markets: Moscow

Friday 01 January 1999 00:02 GMT

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RUSSIAN SHARES were little changed for the eighth consecutive day, with the benchmark RTS index closing down 0.8 per cent, a drop of over 80 per cent for the year.

Traders said the government needs to prove it can stabilise the macroeconomic situation, successfully restructure domestic debt, and pay interest on its Eurobond obligations. "People have written off Russia for the moment," said one analyst.

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Around the World's Markets: Moscow

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