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Russia’s Finance Ministry pays USSR debt to Czech Rep, Finland, Montenegro

December 24, 2013, 22:03 UTC+3 MOSCOW
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MOSCOW, December 24, 21:23 /ITAR-TASS/. The Russian Finance Ministry has paid the debt of the Russian Federation under the liabilities of the former USSR to the Czech Republic, Finland and the Republic of Montenegro, the Ministry says in a report made public on December 23.

The debt to the Czech Republic worth 3.6 billion U.S. dollars was settled in compliance with the intergovernmental agreement of June 17, 1994; the 18-million-dollar debt to Montenegro - with the Russian-Montenegrin agreement of April 27, 2007 on the settlement of the former USSR liabilities for settlement linked with trade between the former USSR and former Yugoslavia. In compliance with the above-mentioned intergovernmental agreements, Russia’s discharged its debt to these countries mainly through the supplies of Russia-made industrial products and, partially, by monetary funds.

The lion share of the debt to Finland, which is a member of the Paris Club of Creditors, was paid in 2005-2006 in the format of a long-term settlement of debt to the Paris Club. A part of Russia’s debt to Finland worth 30 million U.S. dollars was settled by an intergovernmental agreement of August 15, 2006. This debt was mainly discharged through the supplies of Russia-designed high-tech products and rendering of relevant service.

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