PM aims to cut Russian firms' international loans MOSCOW - Prime Minister Vladimir Putin is seeking to cut the amount of international loans owed by Russian companies more than 50 percent with tax breaks that would increase the allure of bank credit denominated in roubles. The government aims to reduce foreign-currency debt to 20 percent of total corporate borrowing from 42 percent by doubling the amount of rouble interest payments eligible for tax deductions, said State Duma Deputy Natalia...
Full Story: China Daily
