Russian loan to bolster Iceland's economy

Russia today pledged a €4bn loan to bolster Iceland’s foreign exchange reserves.

Russian loan to bolster Iceland's economy
Tue, 07 Oct, 2008 - 12:39

Russia today pledged a €4bn loan to bolster Iceland’s foreign exchange reserves.

Iceland’s government is trying to wrest control of an increasingly dire economic situation and restore some confidence in the country’s hard-hit banking sector.

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