import credit

The turbulent political situation in Russia makes it uncertain whether Moscow will be able to use all the import credits being offered this year either.

One was from an outfit called Import Credit Company in regard to his car lease payment, please cail.

Since 1979 the Soviet Union, in particular, had provided Cambodia with massive amounts of import credits, grants, and technical and military aid.

Others included import credits, relief assistance - including $500,000 worth of rice from Vietnam - or other items not on the list of reconstruction and security needs for which the Madrid conference was called.

Those include a freeze on Serbia's foreign assets, a ban on visas to officials responsible for the crackdown in Kosovo and a halt to the financing of export or import credits for trade and investment.

Debt Is Declared 'Impaired' Also last week, in a move that may hamper Argentina's ability to win import credits, American banking regulators declared Argentina's public sector debt to be "value impaired," American bankers here said.

The project raked up a cost of RM2.4 billion which was financed through equity mergers (RM500 million), loans from Development and Infrastructure Bank of Malaysia (RM940 million) and the remainder through import credit from four German financial institutions.

A Soviet Foreign Ministry official said that, given the severity of the Soviet Union's mounting problems, the $1 billion in cash was far more valuable than the import credits, which will leave the Soviets deeper in debt and not with enough consumer goods to satisfy the vast demand in their country.