Rusal's hunt for international loans could be arduous

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Rusal's hunt for international loans could be arduous

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Rolls of aluminum close up in production shop of plant. | Pavel Losevsky/Pavel Losevsky - Fotolia

Rusal’s hopes of obtaining a loan from international banks this year look set to face a steep uphill challenge. Chief executive officer Vladislav Soloviev was quoted this week as saying that the Russian aluminium producer might seek to refinance loans from Russian state banks with international lenders to get a better rate, but several loans officials at banks in Europe believe this is unlikely.

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