Moscow is about to settle the Soviet Union’s foreign debt, a quarter of a century after its demise. AFP Photo
MOSCOW: 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 of a reliable borrower — despite Western financial sanctions over the Ukraine conflict — Moscow announced last week it would pay off $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 USSR, which …read more
Source: The Borneo Post
