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Cuba, N. Korea Owe $37Bln

Cuba and North Korea owe Russia a combined $37 billion, more than half of all foreign assets claimed by the government, according to the preliminary prospectus for the country’s first sale of ruble eurobonds.

Cuba’s debt to Russia is $27 billion, while North Korea’s is $10 billion, the document shows.

Russia’s “external financial assets,” including other countries’ liabilities, stood at $62.8 billion on June 30, according to the marketing materials.

(Bloomberg)


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