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. Last Updated: 07/27/2016

Soros: IMF Was Right To Delay Russia Loan

The International Monetary Fund "did the right thing" in delaying for the second time a monthly payment of its $10 billion loan to Russia, U.S. financier and philanthropist George Soros said.

In an interview, Soros said he supported the decision "because Russia's tax collection was falling behind and debt was accumulating far too rapidly."

The Soros Foundation has contributed millions to programs in Russia.