Snapshots

Russia: Rounding up Regional Debt

Oct 31, 2017 | 20:42 GMT

The Kremlin is starting to address one of its most dangerous problems: Russia's regional debts. Russian President Vladimir Putin ordered the federal government to start handing out targeted loans for regions to pay off their market debt while the state banks restructure regional debts. Putin has also ordered the regions to cut their debts to less than 50 percent of their revenues by the end of the year, well ahead of the crucial 2018 elections....

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