Russian stock market closed for third day
Rattled Russia orders markets to stay closed
Medvedev says they can open Friday, vows to prevent meltdown
updated 6:21 a.m. MT, Thurs., Sept. 18, 2008
MOSCOW - Russia ordered its main stock exchanges closed for another day Thursday as President Dmitry Medvedev called for pouring $20 billion into financial markets in an effort to stabilize them.
The government is struggling to stem a dizzying plummet in share prices and restore confidence in the economy - a plunge that has revived memories of the 1998 financial collapse.
"We have sufficient reserves and a strong economy, which guarantees the avoidance of any shocks," Medvedev said in televised comments.
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