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Strategies & Market Trends : Investment in Russia and Eastern Europe -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (423)	8/12/1998 11:53:00 AM
From: cardcounter	Read Replies (1) \| Respond to of 1301

Today's Russia Newz (bloomberg) If you believe everything that comes out of the Russian Finance Ministers' mouth, then you have nothing to worry about in that he's pledged that Russia will not devalue nor default. otherwise, here's some info: Russia can cover its August, September debt payments. Its using part of the $4.8 bln IMF loan to cover about $3.3 bln of debt pymnts this month. The yield on the R. Eurobond due 2001 (which climbed as high as 36% yesterday--later retreated to 30%) retreated further to 27.7% RTS stock index rose 1.75% (following 5 down dayz, yesterday being a 26month low). Clinton will visit Russia in the first part of September, I'm expecting him to bring his wallet (full of bailout bucks). ST ruble debt rose with the yield on the bill due Sept 30 falling to an avg. 69.55% from 81.92% yesterday, though longer term maturities did fall. Anyone know anything about a possible G-7 loan to the ruskies, I saw a blurb about one on TSC? Also, I'm interested on obtaining a more insider's view of the Russian financial scene, so any suggested resources would be greatly appreciated.. I'll skim this thread when I get a chance. Finally, if anyone follows Vimpelcom (VIP), I'd love to get your thoughts on their prospects.. etc.