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Strategies & Market Trends : Investment in Russia and Eastern Europe
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To: P.T.Burnem who wrote (703)9/24/1998 11:56:00 AM
From: P.T.Burnem   of 1301
 
From Russia With Empty Pockets

"There are sensible Western banks,'' central bank chairman Viktor Gerashchenko told reporters after the cabinet meeting. ''But their stubbornness in their conservative, excessively greedy position could mean they will receive nothing.''
...
The Russian Finance Ministry said its plan for repaying frozen short-term debt would probably fail to satisfy foreign holders of the paper. It also proposed a six- to 12-month ban on repatriating revenues held by foreigners in special accounts.
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