Western bankers are increasingly anxious about Russian companies’ ability to repay $500bn in foreign corporate debt after the government said this month it was suspending a $50bn bail-out programme due to dwindling reserves. Bankers are demanding clarity after Igor Shuvalov, first deputy prime minister, said in a closed-door briefing this month that Russia was going to switch focus from bailing out tycoons to supporting the banking system.

This entry was posted by Gwen Robinson on Monday, February 23rd, 2009 at 4:30 and is filed under Capital markets. Tagged with russia. Edit this entry.