20:48 GMT +318 January 2019
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    Russia repays $343 mln U.S. agriculture debt ahead of time -1

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    MOSCOW, October 19 (RIA Novosti) - Russia has repaid the remaining $343.25 million of its agriculture debt to the U.S. ahead of schedule, saving $46.7 million in interest, a source in Russia's Finance Ministry said on Friday.

    "A payment worth $343.25 million has been made to clear ahead of schedule a loan that the United States granted via the Ministry of Agriculture in 1998," the source said.

    The $600 million loan was issued with an 18-year term, ending in 2020, for the purchase of U.S. agricultural produce.

    Earlier reports said the debt was due to be repaid from the Russian Stabilization Fund.

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