Publication: Monitor Volume: 1 Issue: 26

Russian foreign trade minister Oleg Davydov told Moscow television June 5 that the Paris Club of creditor countries had rescheduled $7 billion of the $8 billion in debt service Moscow owes to foreign states this year, and had agreed to hold meetings this fall to discuss long term rescheduling of the $36 billion Moscow owes to the 17 member countries of that group. The Paris Club may not have had much choice: Davydov had said before he left for the meeting that whatever the Club did, Moscow would not pay more than $1.2 billion in debt service this year; any more would bust the budgets approved by the IMF and the World Bank.

Moscow City Authorities Tighten Control on Liquor Sales.