Russian deal
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.RUSSIA is likely to reach an agreement on restructuring its debt this month, according to a senior economist with the Institute for International Finance (IIF).
In Paris, 19 creditor countries in the so-called Paris Club agreed to reschedule more than dollars 15bn of the dollars 17bn of medium- and long-term debt and interest that Russia was to have paid to Western public-sector creditors in 1992 and 1993. 'It is a reasonable assumption that commercial banks will follow suit,' said the IIF's Keith Savard, who estimated that dollars 16bn of Russian debt was held by at least 300 banks.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments