RUSSIAN GOVERNMENT TO ASSUME CONTROL OF STRUGGLING BANK.

The Russian government will take control of the troubled Unikombank, Russia’s twelfth-largest private commercial bank and the largest so far to run into difficulty. (AP, May 24) The Russian Central Bank is determined to exert greater control over Russia’s more than 2,000 commercial banks, many of which are dangerously undercapitalized and plagued by bad debts.

Primakov Meets with Castro.