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First buzzed by: anonymous

Russia, China to resume $25 billion loan talks

Russia will resume talks with China within days to secure $25 billion in loans for cash-strapped energy companies in exchange for long-term crude oil deliveries, a news agency reported Tuesday.

Talks on the loan had reportedly broken down last week after disagreements over interest rates ... » Full Story on Salon.com
Gem

These two together in the same financial-energy-bed is not good, not good at all.

Mark my words, this is not good.

posted Nov 18, 2008 |
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Russia has oil and China has Money and both have the muscle to make sure the deal is paid in FULL...

posted Nov 18, 2008 |
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