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07-28-2008, 07:27 PM #1
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Russia Unloads Half Freddie/Fannie Exposure
Russia cuts exposure to US mortgage lenders - c.bank
Mon Jul 28, 2008 9:19am EDT
MOSCOW, July 28 (Reuters) - Russia has approximately halved to less than $50 billion its exposure to U.S. mortgage lenders Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz), a senior central bank official told Reuters on Monday. "It's now less than $50 billion," central bank first deputy chairman Alexei Ulyukayev said, when asked about Russia's investments in the agencies.
Russia held about $100 billion at the start of 2008. (Reporting by Yelena Fabrichnaya, writing by Robin Paxton)
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05-20-2024, 09:00 AM in General Discussion