Russia

• CSO lent Russia $1b in 1990

• largest loan from anyone

• secured by diamonds moved to London

• Russian stocks would be exhausted by mid-98 if continued sales at 1995-6 pace

• Almazy Rossii-Sakha wanted $500 loan from NatWest to replace aging vehicle fleet (2/97)

  • Okay if have guaranteed export outlet (De Beers)

• Russian signed up again in mid-1997

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