MOSCOW, December 9 (Itar-Tass) —— Russia and Algeria expect the soonest settlement of the Algerian tax claims to Russia’s StroyTransGas, Algerian Finance Minister Karim Djoudi said after a meeting of the Intergovernmental Commission on Friday.
“We have agreed to the soonest settlement of tax claims to the StroyTransGas company, which is building infrastructure on our territory, in compliance with Algerian laws,” he said.
In turn, Russian Energy Minister Sergei Shmatko confirmed that the problem would be settled within the framework of the Algerian laws and assured Algeria that he would control the process. The minister did not specify the sum of the debts, saying that it was being updated. He noted though that StroyTransGas had repaid a substantial part of the debt. The Algerian commission for tax disputes will soon specify the debts’ amount and a final settlement will be achieved.