02:27 GMT +322 February 2017
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    Russia to Pay Off All Remaining Soviet Debt by the End of 2017

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    Russia will finish paying off the external debt of the Soviet Union before the end of the year, the Russian Izvestia newspaper reports.

    MOSCOW (Sputnik) – The last tranche will be paid to Bosnia and Herzegovina before the end of 2017, the newspaper said on Friday, citing the Russian Finance Ministry.

    In 2015, Russia paid over $415 million to China, the greater part of which comprised Soviet external debt. Russia's Vnesheconombank said it had fully repaid the Soviet debt to China, at the request of the Finance Ministry.

    A government source told Izvestia that the payment to Bosnia and Herzegovina could be concluded before summer.

    Last week, the Russian Finance Ministry informed of the settlement of the $60.6-million Soviet debt to Macedonia and said that the only outstanding debt left from the Soviet era was to Bosnia and Herzegovina. Both countries were established after the breakup of Yugoslavia and received the right to reclaim part of the debt of the former USSR.

    On December 8 1991, the leaders of the Russian, Ukrainian and Belarusian republics met in a state dacha in Belavezha, Belarus to sign the Belavezha Accords, formally announcing the dissolution of the Soviet Union and the creation of the Commonwealth of Independent States. The USSR was formally dissolved two weeks later on December 26, 1991.

     

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    Tags:
    debt, Bosnia and Herzegovina, China, USSR, Russia
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    • avatar
      michael
      congratulations are in order! It is something that other countries might also aspire to...
    • avatar
      cast235
      Well, good BYE Gorbachev. The man that is according to modern scholars, worst than Rome's NERO. That was so bad that burned Rome and it's people alive.
      At least some responsible leaders grew . And re established Russia.
      Although is way FAR from been finished it's on it's way. Without an IDIOT SAVANT.
      Today ideas of reforms from C Bank lady, are GREAT NEWS IF they allowed.
      They will prevent Gov Owned properties to do ANY banking with foreign banks that are hostiles in any way etc with Russia.
      GREAT!!!
      At least that is one of the supposedly, proposed ideas. GREAT!!
      NEXT is no investments at ALL. And nothing owned.
    • Capt'nSkippy !!!
      LOL!!! And what of there B/S sanctions!!! What sanctions? You wont hear anything coming from the nazicons or any of the western parasites about this one, especially the twenty trill US dept and a collaping Euro. Congratulations Mr Putin and Russia. Seems you have house in order and running nicely!!!
    • siberianhusky
      Russia leads the way. Where are the other exceptional followers?
    • avatar
      tobi.gelando
      The terror state Usa / Nato looks like hungerry tigers at Russia !!! no deb, lots of Gold, Oil and Gas !!! This brings danger to Russia !!! The terror State Usa and Nato are staying for the economic collaps !!! So a war from the terror state Usa could be solve there problems at once !!!
      The Usa / Nato army stay all ready on the Russia border !!!
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