Durham delays long-term borrowing on £350m debt amid high interest rates

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High inflation and the highest interest rates in 20 years are a major hindrance for Russian businesses. A slowdown is likely, warns German Gref, president of Sberbank, Russia's largest commercial bank.

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Durham delays long-term borrowing on £350m debt amid high interest rates

Durham plans to borrow £350m over the next two years but will defer taking out long-term loans until interest rates become more favourable.