FX Loans

De-Dollarization: Russia Wants Firms To Default On Western Loans, Ban Firms From Using FX/FX Loans

By Pepe Escobar Let’s start with some classic Russian politics. Finance Minister Anton Siluanov is drawing up Russia’s economic strategy for 2016, including the government budget. Siluanov – essentially a liberal, in favor of foreign investment – will present his proposals to the Kremlin by the end of this month. So far, nothing spectacular. But then, … Continue reading →