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RusAL signs deal to delay payment of foreign debts


MOSCOW, March 6 (RIA Novosti) - Russian aluminum giant RusAL has signed an agreement to delay by two months payments of its debts to foreign banks, the company said on Friday.

RusAL's debts currently stand at a total of $14 billion, including $7.4 billion to international banks, the company said.

The company said the agreement could later be extended for another month. "The agreement was signed after the company's talks with the banks on restructuring the debt and will allow RusAL to ensure its liquidity."

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