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. Last Updated: 07/27/2016

Carter Reviews Progress

MOSCOW -- A top World Bank official said Friday that Russia was moving too slowly to fulfill the conditions for the third tranche of a $1.5 billion economic restructuring loan.

The bank's director for Russia, Michael Carter, told reporters it was unlikely that the $100 million tranche would be released before the year's end.

Carter said a World Bank mission to Moscow was preparing a report to be submitted to Russia's government next week.