Monday, 29 March 2004

RUSSIAN BANK TO HANDLE TURKMEN DEBT COLLECTION

Published in News Digest

By empty (3/29/2004 issue of the CACI Analyst)

Russia\'s privately owned National Reserve Bank (NRB) will represent Turkmenistan in the country\'s efforts to recover its international debts. The agreement came in the course of a meeting between NRB President Yurii Kudimov and Turkmen President Saparmurat Niyazov. Turkmenistan hopes to collect $500 million in debts from Azerbaijan, Georgia, and Kazakhstan, as well as $50 million from a number of Russian commercial banks.
Russia\'s privately owned National Reserve Bank (NRB) will represent Turkmenistan in the country\'s efforts to recover its international debts. The agreement came in the course of a meeting between NRB President Yurii Kudimov and Turkmen President Saparmurat Niyazov. Turkmenistan hopes to collect $500 million in debts from Azerbaijan, Georgia, and Kazakhstan, as well as $50 million from a number of Russian commercial banks. In remarks delivered after his meeting with Niyazov, Kudimov stressed NRB\'s experience in the debt market. NRB is one of Russia\'s largest investment banks. (RosBalt)
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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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