All friends now

Article Abstract:

Russia has a trade surplus and has improved its economic growth, yet has a provisional agreement to reschedule debt from the Soviet era, and aims to reschedule additional debt. Commercial banks are relieved that they have achieved a settlement, while hedge funds have seen a doubling in the price of debt that they have bought. Germany is concerned that other countries are happy to accept write-offs, though they are not owed as much as Germany is. Ukraine has less weight than Russia, and does not plan debt write-offs.

Economic policy

---

The waiting game

Article Abstract:

Russia has obtained a debt renewal which has been granted by the International Monetary Fund (IMF). Russia is not seen as likely to repay all its debt but some creditors are reluctant to admit this. The US and other smaller creditors are keener to write off the debt compared with larger creditors such as Germany. Russia is also faced with debts from the former Soviet Union which could be dealt with by trading it as if it were Russian eurobonds.

International Monetary Fund, International relations, Russian foreign relations, International economic relations

---

Magic numbers: Russian statistics

Article Abstract:

Economists Richard Layard and Michael Ellam of the UK's Ministry of Labor report in 'Russian Economic Trends' that the Russian deficit may be much lower than has been suggested. The quarterly report provides some of the only concrete data on Russian wages, imports, prices and interest rates.

Economic aspects, Economic research

Similar abstracts:

• Abstracts: Mail order in Spain. Mail order in Italy. Mail order in France
• Abstracts: All Tories now. The trap of ideas. The dangers of Willetts's new Toryism
• Abstracts: All mouth and no trousers? A tale of two towns
• Abstracts: A real breakthrough? Myopic: German trade unions. Odd men in: German jobs
• Abstracts: A consundrum for Austria - and for Europe. Haunted: Austria. Austria's rancid choice

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.