G-7 offers debt relief
Article Abstract:
The Group of 7 agreed on Dec 16, 1992, to restructure approximately $15 billion of Russia's debt to foreign nations. Russia's foreign debt totals at least $80 billion, with $33 billion owed to creditors in western nations. Some $70 billion of the debt was inherited from the Soviet Union.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1992
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Russia promised increased foreign aid
Article Abstract:
The South Korean government promised on Nov 20, 1992, to continue a $3-billion foreign aid program for Russia that had been halted in Dec 1991. The official announcement of the continuation was made during Russian Pres Boris Yeltsin's Nov 18-20, 1992, visit to South Korea.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1992
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Price controls reimposed, lifted
Article Abstract:
Russian Premier Viktor Chernomyrdin Jan 1, 1993, instituted price controls on food and certain other items in attempt to halt rapidly rising inflation in the nation. Free-market reformers in Russian won a victory when the controls were suddenly removed Jan 18, 1993.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1993
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- Abstracts: Asian news in brief. Russian news in brief
- Abstracts: Water, energy, Russia aid bills signed. Congress labor measure cleared, signed
- Abstracts: Russian news in brief. Asia news in brief
- Abstracts: Slower growth, higher deficit predicted. IMF releases report on world growth
- Abstracts: IBM sets job cuts, $6 billion charge. IBM reports record $4.97 billion loss for 1992. AT&T to buy McCaw for $12.6 billion