RUSSIA GETS NEW LOAN, OBTAINS DEBT DELAY

Publication: Monitor Volume: 1 Issue: 101

. The Russian government has received a $600 million tranche from the credit opened by the World Bank to support efforts toward macroeconomic stabilization and structural reform. At the same time, a spokesman of the Ministry of Foreign Economic Relations said that Russia and the "London Banking Club" are nearing an agreement on rescheduling Russian debts to international financial institutions. The debts, calculated at 20 to 25 billion dollars, were inherited by Russia from the USSR.

European Parliament Approves Loan to Ukraine.