Argentina Says It Won’t Take $1.9 Billion Russian Loan for Dam
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The Argentine government will decline a Russian lending offer to finance a $2.6 billion hydroelectric dam and is currently discussing alternatives, the Finance Ministry said.
“The financial conditions offered by Russia to lend the money ceased to be appealing once Argentina emerged from default," the Finance Ministry said in a statement to Bloomberg News. "The market is lending us at a cheaper cost now and we are currently negotiating alternative offers."