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No Debt Talks Set
25 June 1994
LONDON -- Bankers said Friday they want a meeting with Russia to discuss the rescheduling of its commercial bank debt but, despite market rumors to the contrary, no gathering has been scheduled. What is certain is that quarterly rollovers of principal and interest payments on the debt of over $25 billion will continue, with the next one taking effect from July 1. "There is no meeting scheduled," said Ernst-Moritz Lipp, a senior banker at Dresdner Bank, which sits on the Bank Advisory Committee for Russia. "We will continue the 90-day rollovers.
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