GZT.RU

Russian economy loses $1.4 billion

Russian companies are losing hundreds of millions of dollars due to the situation around Greece and Goldman Sachs Group Inc., a global investment banking and securities firm.

Moscow has no intention of helping Greece, and the Russian business community expects the International Monetary Fund (IMF) and European governments to act quickly and take Greece out of a profound crisis.

Last week, several major Russian companies trying to attract investment on stock exchanges were affected by what economists call the new phase of the financial crisis.

On Friday, the Kuzbass Fuel Company, one of the largest thermal coal producers in Western Siberia, received just $164 million instead of the planned $400 million. The company had to sell a third less shares than planned and to reduce their par value by 38% from $10.4 to $6.5.

That same day, LSR Group, a leading real estate developer and building materials producer in St.

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