Bank Of Baku

Russia estimates flash flood damage at $65.7 million

Russia estimates flash flood damage at $65.7 million
# 19 October 2010 17:21 (UTC +04:00)
Baku-APA. The authorities in Russia’s southern Krasnodar Territory have estimated the damage caused by major flooding on Saturday at 2 billion rubles ($65.7 million), APA reports quoting RIA Novosti.
A state of emergency was declared in the region after torrential rains in mountainous areas caused rivers to overflow, flooding more than 20 villages and killing at least 14 people.
The region’s emergencies ministry said well over 1,000 homes had been damaged in the disaster.
Every individual affected by the catastrophe will receive 150,000 rubles ($4,930) in compensation from the regional budget. An initial installment of 10,000 rubles ($328) per person was handed out on Tuesday.
Police and journalists from Rostov region which borders Krasnodar Territory have started a campaign to collect clothes and blankets for the flood victims.
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