• ACI Russia

08/21/1998 14:25:56 Insolvent Russia banks should go bankrupt-Chubais

MOSCOW, Aug 21 (Reuters) - Russia's top debt negotiator

Anatoly Chubais said on Friday that problem banks should be

allowed to go bankrupt.

"We need to have a restructuring...which means that banks

which are insolvent should become bankrupt and this should be

done even under the financial situation we have now," Chubais

said during a live conference call with financial analysts on

Reuters Television.

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