Russia's stock markets resume trading

Russian two main stock exchanges have resume equity trading today, after share prices plummeting to their lowest levels in nearly three years amid worsening global financial troubles. Still the situation is not getting better.

Russian monetary and financial authorities say the latest developments on the domestic market have been caused by a crisis of confidence rather than by a liquidity squeeze.

International observers, like Bloomberg agency, consider Russian bonds as the cheapest o market.

Meanwhile, Moody's Investors Service has commented on the latest events on Russian financial market. Baa2 long-term foreign currency deposit rating of Russia is not going to be changed, the experts of Moody's say.

Earlier Fithch Ratings, Ltd. also announced that it's not planning to change any Russian ratings.

Author: Ksenia Kochneva