Monday, December 22, 2008

Oligarchs Seek $78 Billion as Credit Woes Help Putin (Update2)

Oligarchs Seek $78 Billion as Credit Woes Help Putin (Update2)


By Yuriy Humber and Torrey Clark

Dec. 22 (Bloomberg) -- Russian oligarchs are lining up for $78 billion of Kremlin loans to survive the credit squeeze, handing Prime Minister Vladimir Putin the opportunity to increase government control of the nation’s biggest companies

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