Bloomberg News

Greek Default Won’t ‘Strongly’ Affect Oil Demand, Shvetsov Says

November 02, 2011

Nov. 2 (Bloomberg) -- Russian central bank Deputy Chairman Sergey Shvetsov said a default by Greece wouldn’t “strongly” affect demand for oil and gas.

The debt crisis is putting pressure on currencies of Brazil, Russia, India and China, Shvetsov said in Moscow today, adding that the nations aren’t facing “catastrophic capital outflows.”

To contact the reporter on this story: Artyom Danielyan in Moscow at adanielyan@bloomberg.net

To contact the editor responsible for this story: Paul Abelsky at pabelsky@bloomberg.net


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