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Ex-Im Bank Chairman's Statement Regarding State Department Action on Tyumen Oil

FOR IMMEDIATE RELEASE March 30, 2000

Media Contact Name/Phone: 

Ken Murphy or Linda Formella (202) 565-3200

I am pleased that the Chafee determination with respect to the Tyumen transaction in Russia has been lifted. The next step in the process of finalizing this matter is in the hands the Export-Import Bank of the United States board of directors. I expect the board will take this matter up at the earliest possible opportunity, Ex-Im Bank Chairman James A. Harmon said.