Iceland PM-Russia loan talks to start on Tuesday

REYKJAVIK Wed Oct 8, 2008 12:40pm EDT

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.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.