
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.