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FRANKFURT -- Representatives of the advisory committee on Russia's commercial bank debt will meet with Russian representatives in Moscow on Thursday, banking sources said Wednesday.
Deutsche Bank AG, which heads the advisory committee for Russian debt, declined to comment on the timing of the meeting.
The two sides reached broad agreement over some key sticking points at this month's meeting of the International Monetary Fund and World Bank in Madrid.
Disagreement over such issues as sovereign immunity, which allows a waiver of the banks' right to seize Russian assets as collateral in the case of non-payment, had earlier blocked a deal. But details of repayment still have to be ironed out.
The sources gave no precise information on who would take part in the talks. Russia has around $80 billion of debt in total and around a third of this is owed to commercial banks.
Bank Debt Talks Slated
27 October 1994
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