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June 2003

US banks' interest a red flag for Russia

by Antony Currie


US banks are starting to make big investments in Russia again, and it could be a sign of a looming economic crash for the former superpower. That's the verdict that consultant Ray Soifer is drawing from the most recent set of figures from the Federal Financial Institutions Examination Council.

According to the data, which cover the period to the end of 2002, total US bank exposure to Russia now stands at $3.89...


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