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Russia to launch stock mkt support next week-PM
By AFX | 10 Oct 2008 | 08:01 AM ET
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MOSCOW, Oct 10 (Reuters) - Russia will spend 175 billion roubles ($6.7 billion) this year and at least the same amount again in 2009 to support the country's share prices, Prime Minister Vladimir Putin said on Friday. "This decision has been made. Development Bank will start placing funds in Russian shares, not foreign shares, next week," Putin told reporters. (Reporting by Denis Dyomkin, writing by Robin Paxton, editing by Melissa Akin) ($1=26.16 Rouble) Keywords: FINANCIAL RUSSIA/SHARES tf.TFN-Europe_newsdesk@thomson.com ra COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved.

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