Iceland PM-Russia loan talks to start on Tuesday
REYKJAVIK Oct 8 (Reuters) - Iceland's prime minister said on Wednesday negotiations on a loan from Russia would start next Tuesday.
Iceland said on Tuesday it was seeking a loan of around 4 billion euros ($5.44 billion) from Russia to help it bolster its foreign exchange reserves as it faces a crisis threatening to overwhelm the island nation.
"Negotiations will start next Tuesday," Prime Minister Geir Haarde told a news conference.
- Carnage at U.N. school as Israel pounds Gaza Strip |
- Moscow fights back after sanctions; battle rages near Ukraine crash site |
- U.S. economy back on track with strong second-quarter rebound |
- Argentina fails to reach debt agreement, default looms
- Obama to Republicans: ‘Stop just hatin’ all the time’