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Russia’s VTB: Mozambique must restructure loan by year-end
9:40 CAT | 05 Sep 2019
CEO of Russia's VTB bank Andrey Kostin attends a session of the Eastern Economic Forum in Vladivostok, Russia September 12, 2018. [Mikhail Metzel/TASS Host Photo Agency/Pool via Reuters]
Russian state bank VTB CEO Andrey Kostin said on Wednesday that Mozambique must restructure an outstanding loan by the end of the year or else face the prospect of defaulting on it.
Kostin made the comments on the sidelines of an economic forum in the city of Vladivostok in Russia’ Far East.
Source: Reuters
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