11.   That means the Russian government, not the investors, would be caught short if Russia devalued the ruble.

12.   The decision to devalue the ruble came despite firm assurances Friday by President Boris Yeltsin and other high-ranking government officials that no devaluation would occur.

13.   This was the first bond that Colombia has sold since Russia devalued the ruble and defaulted on some bonds last August.

14.   With its government in turmoil, Russia devalued the ruble, adding to economic jitters in Asia and putting pressure on Latin American nations, such as Brazil.

15.   Asian stocks opened mixed on Tuesday with investors remaining cautious despite the resilience of U.S. markets and the Japanese yen after Russia devalued the ruble.

16.   But imports have become prohibitively expensive since the government devalued the ruble in August when the economic crisis hit.

17.   But, he cautioned, if inflation turns out higher, the government might have to consider creating a mechanism to gradually devalue the ruble.

18.   Concern is growing that Russia will devalue the ruble despite an influx of cash from the International Monetary Fund.

19.   Foreign loans have been frozen since the government devalued the ruble and defaulted on some of its debts in August.

20.   German banks are big lenders to Russia, which this week devalued its ruble and suspended debt payments.