Russia's Oligarchs at Crossroads as Debt Bomb Ticks

by Benjamin Domenech on 11:51 pm March 15, 2009

MOSCOW (Reuters) – Humbled by huge debts, Russia’s once mighty oligarchs are fighting for survival after the government warned there will be no more bailouts.

Falling company revenues have forced some of the tycoons, who borrowed heavily to expand in the boom years under former President Vladimir Putin, to beg Western creditors to allow them to restructure loan payments.

Previous post:

Next post: