Iceland Borrows 4bn From Russia
Published / Last Updated on 07/10/2008
Iceland Borrows €4bn From Russia
Iceland has been forced to borrow €4bn from Russia to prop up its Banking system and economy when its European neighbours failed to come to its aid.
Rumours have been rife that a promise was also made to give Russia access to a discussed former US air base although Icelandic authorities moved quickly to deny such a promise.
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