MOSCOW - Russia's central bank said on Dec. 26 that its bailout of Trust Bank – the first major lender to fail as a result of the sharp decline in the ruble – would cost about $2.5 billion, far more than previously anticipated, and the country's finance minister said emergency measures to rescue the banking system would push the federal budget into deficit.
Russia's War Against Ukraine
New York Times: Scaled-up banking rescue to push Russian budget into deficit
A Russia's Communist Party supporter takes part in rally against ruble fall in exchange in front of the headquarters of the government in central Moscow on Dec. 22, 2014.
