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.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.