Credit Suisse and VTB of Russia condemned for secret military loans to Mozambique

Activists have condemned Credit Suisse and VTB of Russia for lending $850 million to Mozambique in 2013 that was used mostly to buy military equipment, despite telling the public that the money would be used to buy fishing boats. Today Mozambique says it cannot repay the money and has been negotiating to issue a new … Continue reading Credit Suisse and VTB of Russia condemned for secret military loans to Mozambique