Only a few Russian traders can been seen during Friday's session at MICEX (Moscow Interbank Currency Exchange). Russia's Alfa Bank confirmed Friday it is seeking a $400 million long-term loan from national development bank VEB. Cash-strapped Alfa is trying to repay a $2 billion loan to a group of Western banks led by Deutsche Bank AG.
Only a few Russian traders can been seen during Friday’s session at MICEX (Moscow Interbank Currency Exchange). Russia’s Alfa Bank confirmed Friday it is seeking a $400 million long-term loan from national development bank VEB. Cash-strapped Alfa is trying to repay a $2 billion loan to a group of Western banks led by Deutsche Bank AG.
Mikhail Metzel, Associated Press
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