Support The Moscow Times!

Russia Repays Soviet Debts to Czech Republic, Finland and Montenegro

Russia has completed the repayment of the Soviet Union's debt of roughly $3.7 billion to the Czech Republic, Finland and Montenegro, the Finance Ministry said Monday.

The repaid debt to the Czech Republic alone amounted to $3.6 billion. That and an $18 million debt to Montenegro were regulated by deals signed in 1994 and 2007, respectively. The debts were partially repaid by deliveries of industrial goods and partially through monetary funds.

The biggest part of Russia's debt to Finland was repaid in 2005-2006. The rest, worth some $30 million, was repaid by Russian high-tech product supplies and services in line with a 2006 deal.

Russia repaid the debts after "admitting its liability for the commitments of the former USSR that emerged as part of trade and economic cooperation with those countries in the Soviet period," the Finance Ministry said in a statement.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more