Russia’s companies and financial organizations will have to pay $45 billion by this year-end.
Photo: Konstantin Mel
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Russia’s Companies to Pay $45bn in 3 Months
Russia’s companies and financial organizations will have to pay $45 billion by this year-end to meet foreign liabilities, The Financial Times reported with reference to Standard and Poor’s.
This payment won’t be easy, first of all because of the refinancing difficulties. It will be hard to raise money overseas due to the global financial collapse, which losses have exceeded $500 million. Besides, political risks won’t be neglected in respect of the firms of Russia.
What’s more, the companies will hardly easily borrow inside Russia, as the liquidity crisis has extended to the country.
According to February reports, Russia’s companies will have to pay domestic debt (which amounted to 1.2 trillion ruble that time) in addition to foreign liabilities.
www.kommersant.com
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