Iceland negotiates loan in Moscow

(02:11) Report

Oct 14 - After asking for IMF financing, an Icelandic delegation heads to Moscow to hammer out details of a mulit-billion dollar loan to try and save its economy from collapse.

However, the loan has raised question's about Russia's motives and how what price it might extract.

Meanwhile, Moscow has pledged USD 50 billion for strategic industry with a large portion to service foreign debt in its energy majors.

Stefanie McIntyre reports.

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