Wildfires cost Russia some $15 billion: Report
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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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