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To: John Hunt who wrote (33755)5/12/1999 6:59:00 PM
From: John Hunt  Respond to of 116768
 
Primakov dismissal could jeopardize IMF loan to Russia

<< The firing of Prime Minister Yevgeny Primakov by President Boris Yeltsin on Wednesday has put $7.5 billion in foreign loans in jeopardy, bank officials and lawmakers say.

Alexander Zhukov, chairman of parliament's budget committee, predicted the political crisis in the wake of Primakov's sacking would further worsen the economic situation in Russia, the Interfax news agency reported.

He said the ouster ''may undermine loan talks with the IMF, as well as Russia's ability to make necessary debt payments,'' Interfax reported.

The IMF had tentatively agreed to give Russia $4.5 billion in new loans, and the World Bank had promised an additional $3 billion loan for Russia, which is now on hold..... >>

abcnews.go.com




To: John Hunt who wrote (33755)5/12/1999 7:16:00 PM
From: Enigma  Respond to of 116768
 
I didn't go into the leasing part - which is akin to borrowing a stock for a short sale position - I just wanted to show how the amount received is a constant $400 - whether the price goes up or down.