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In the News
06 October 1997 - International [Russia]
Russia agrees a restructuring of US$33 billion of commercial bank debts run up by the former Soviet Union. The deal with the London Club (private creditors) follows Russia's admission to the Paris Club (official creditors) of creditor nations in September and is expected to strengthen the country's reputation among foreign lenders and enable domestic borrowers to raise money on more favourable terms.
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