Support The Moscow Times!
Contribute today

MTS Gets Interest Rate Cut

By The Moscow Times

Mobile TeleSystems said Tuesday that state-run Sberbank agreed to reduce interest rates on 53 billion rubles ($1.7 billion) of loans.

Sberbank cut the rate on a 47 billion ruble loan due 2013 to 9.25 percent from 10.65 percent, MTS said in an e-mailed statement.

The rate on 6 billion rubles due in August 2011 was lowered 1 percentage point to 8.75 percent.

(Bloomberg)

Read more

nuclear threat

Putin Says Will Deploy Tactical Nuclear Weapons in Belarus

"There is nothing unusual here either: the United States has been doing this for decades," Putin said Saturday.
3 Min read
fierce fighting

Ukraine Says 'Managing to Stabilize' Battle for Bakhmut

Senior Ukrainian military commander Oleksandr Syrsky said a counter-attack could be launched soon against "exhausted" Russian forces.
1 Min read
GRU agent

U.S. Charges Russian Spy Who Tried To Infiltrate War Crime Court

The U.S. Justice Department unveiled spying charges Friday against a Russian who, under a Brazilian alias, studied at a Washington university and then...
2 Min read
Under pressure

European Central Bank Asks Raiffeisen to Scale Back Russian Operations

The news comes just a day after Ukraine added the Austrian bank to its list of international sponsors of the war. 
1 Min read