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Banks Pouring Money Into Russian Loans

Forget default: country now looks like haven from credit turmoil

By Kevin Spak, Newser Staff

Posted Sep 12, 2007 6:37 AM CDT

(Newser) – Banks around the world are clamoring to loan money to Russia, just nine years after the country paralyzed the economic world by defaulting on $40 billion in debt. These days, Russia looks like a haven from the US mortgage meltdown. Russian corporations borrowed $29 billion... Read full story »

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Banks Pouring Money Into Russian Loans

Forget default: country now looks like haven from credit turmoil

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Russia • money • US economy • corporate credit • credit market

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