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Wildfires cost Russia some $15 billion: Report

Last Updated: Tuesday, August 10, 2010 - 16:38

Moscow: A newspaper says the hundreds of wildfires that has swept western Russia has caused billions of dollars in damage.

The business daily Kommersant says in Tuesday`s edition that the damage from the fires is expected to amount to about $15 billion — or about one percent of the country`s gross domestic product. The government has yet to release any damage estimates.

The hottest summer since record-keeping began 130 years ago has cost Russia more than a third of its wheat crop and prompted the government to ban wheat exports for the rest of the year.

The acrid smog that has engulfed Moscow for a week eased a bit Tuesday, but the concentration of pollutants remained high. Prime Minister Vladimir Putin summoned Moscow`s mayor to explain how the smog is being dealt with.

Bureau Report

First Published: Tuesday, August 10, 2010 - 16:38

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