InfoAnda - Russia denies request for 400 bln dlr loan rescheduling

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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Russia denies request for 400 bln dlr loan rescheduling AFP - Tuesday, February 10 MOSCOW, (AFP) - - A Russian official on Tuesday denied reports that Russian banks and companies were seeking a 400 billion dollar loan rescheduling which had weighed heavily on the euro in Asian trade. ADVERTISEMENT The head of the Association of Russian Banks, Anatoly Aksakov, had been quoted in Japan's Nikkei business daily as saying the association had submitted such a request to Moscow for a rescheduling of debts owed to foreign banks. "The information that the association has presented a request about a restructuring plan for debts worth 400 billion dollars to the government and a number of Western banks does not correspond to reality," Aksakov said. "Individual borrowers can have negotiations about restructuring debts on their own but I know nothing about a large-scale, centralised initiative," he added. The report had weighed heavily on the euro as European banks are considered by analysts to be heavily exposed to Russia, dealers said. In Tokyo afternoon trade the euro dropped to 1.2861 dollars from 1.3002 and to 117.51 yen from 118.90. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Stocks fall as gov't unveils financial planAP - 18 minutes ago US-BUSINESS SummaryReuters - 20 minutes ago Wall Street slides further as financials weighReuters - 22 minutes ago Arrow Electronics posts steep drop in 4Q profitAP - 22 minutes ago MillerCoors 4th-quarter profit falls 40 percentAP - 24 minutes ago Enlarge Photo Russia denies request for 400 bln dlr loan rescheduling Most Popular – Business Viewed Taliban video of Polish hostage beheading Nissan to shed 20,000 jobs as recession woes mount Swiss banks to announce massive losses: report Indian woman has football-sized tumour removed from jaw Unnatural selection: How far will parents go? View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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