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To: John Hunt who wrote (15985)	7/10/1998 5:14:00 AM
From: John Hunt	Read Replies (2) of 18056

Problems in Russia, Predicament at IMF washingtonpost.com << As the Russian economy sinks deeper into crisis, pressure is mounting on the International Monetary Fund to save Moscow from a financial catastrophe that could spawn political chaos in the world's second-largest nuclear power. Russia's financial predicament has gone from bad to worse this week. The government, desperate to raise cash to pay debts coming due, offered government bonds for sale at interest rates around 100 percent, but investors bought only about one-quarter of the $1 billion in bonds. Meanwhile, senior officials at Moody's Investors Service Inc. warned that to stem a devastating flight of capital, Russia would need a bigger international rescue than previously thought, perhaps as much as $20 billion. >>

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