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. Last Updated: 07/27/2016

Debt Talks Date Doubt




LONDON -- Russia and its commercial creditors have not set a date for the next round of talks to restructure $32 billion of Soviet-era debt, Deutsche Bank said Friday, apparently contradicting earlier reports.


"There is no date set," said a spokesman from Deutsche Bank, which chairs the London Club's 10-bank advisory committee.


First Deputy Finance Minister Mikhail Kasyanov, who led several rounds of tough talks last year, said in a newspaper interview this week both sides could reach a deal as soon as the end of January.


Markets have buzzed with the possibility that both sides could meet again next Thursday. Russia sees the negotiations as key to broader efforts to reduce its $150 billion of foreign debt.