Russia's lower house of parliament, the Duma, has approved a raft of measures worth $86bn (Ј51bn) to assist banks hit by the credit freeze.
The government will make $50bn available to banks and firms that need to refinance foreign debt.
The rest will be available as loans to banks.
The package is designed to restore confidence in Russian banks and revive shares, which have seen steep falls.
Trade on Russian stock exchanges has been suspended since Wednesday.
Trading in Moscow's Two Russian bombers in Venezuela for military manoeuvres ...
German Business Leaders Oppose Sanctions Against Russia ...
Russia Retains Control Over Georgian Port as Tensions Increase ...
Russian invasion of Georgia inadmissible - Czech ForMin ... Micex index and the RTS exchange was stopped after falls of more than 10% in the first hour of trade on Wednesday.
The falls in Russia and elsewhere have been blamed on panic selling by global investors fearful of a deep worldwide recession.
Russian shares were also hit in August amid concerns about the conflict between Russia and Georgia.
The steep decline in oil prices has also taken its toll with energy firms accounting for about two thirds of the Russian stock indexes.
(BBC)
<< Back