Russia Market Drop May Temper Medvedev Georgia Moves.
Sept. 15 (Bloomberg) -- When it comes to containing Russia, the invisible hand of the markets may be the West's most potent weapon.
Tightening access to international credit and mounting stock losses are hurting Russian billionaires as well as state- owned corporations, prompting calls by businessmen to heed Western complaints over Kremlin policy in Georgia.
The head of the country's biggest business association, the Russian Union of Industrialists and Entrepreneurs, met President Dmitry Medvedev, urging him to take ``anti-crisis'' measures.
``The stock market is plunging, capital is fleeing, there is a severe shortage of liquidity in the banking system, prices for many core exports are falling and inflationary pressures are strengthening,'' the business group's Alexander Shokhin said today in a live televised Kremlin meeting. Current policies ``may turn out to be inadequate,'' he said.