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Russia Pays Off Debt to Serbia and Slovakia

Published: June 19, 2013; 14:38 · (Vindobona)

On Tuesday, the Russian Finance Ministry announced that the country has paid off a $ 2bn debt remaining from the Soviet era to Serbia and Slovakia.

Russia Pays Off Debt to Serbia and Slovakia / Picture: © Flickr

The debts in the amount of $ 1.7bn to Slovakia and $ 288.8m to Serbia started when Russia assumed responsibility for Soviet obligations under trade and economic cooperation with Czechoslovakia and Yugoslavia, the ministry said in a press release.

In keeping with the current intergovernmental agreements, the majority of debts were refunded by supplies of Russian industrial goods…

This article includes a total of 86 words.

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