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Russia Moves Forward on Repaying $8M Debt to Czech Republic

Prime Minister Dmitry Medvedev instructed the Finance Ministry to discuss repaying Russia's Soviet-era debt of about $8 million to the Czech Republic, a news report said.

In a decree posted on Russia's official website of legal information Medvedev told the Finance Ministry to hold negotiations with the Czech side, with the participation of the Russian Foreign Ministry, the Economic Development Ministry and state development bank Vneshekonombank.

The Finance Ministry has already signed an agreement to settle Soviet-era debt of $1.7 billion to Slovakia and $288.8 billion to Serbia. It also plans to repay debts to Finland and Montenegro, Prime reported Monday.

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