Pugachyov's Bank Default Pokes Holes in Political Front

20th July 2010, Comments 0 comments

Sergei Pugachyov looks set to settle his International Industrial Bank's default on eurobonds when his creditors convene for a vote Wednesday. But the default - the first by a Russian bank on a foreign bond in a decade - was a major blow to the billionaire and senator.

0 Comments To This Article