A quarter of a century after the fall of the Soviet Union, Russia is finally set to pay off all the foreign debt it inherited from the vanished communist empire.
Keen to establish a reputation as a reliable borrower – despite Western financial sanctions over the Ukraine conflict – Moscow announced last week it would pay off US$125.2 million in Soviet-era debt to Bosnia-Herzegovina within 45 days.
[The payment] completes the settlement of the external public debt of the former… …read more
Source: South China Morning Post
