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Russia: former USSR debts will be paid within 45 days

About 125mn USD to Bosnia and Herzegovina

22 March, 13:01
(ANSA) - MOSCOW - The Soviet Union's foreign debt will be fully paid within a few weeks, when Moscow will pay 125mn Usd that Russia is expected to give to Bosnia-Herzegovina, said the Russian Ministry of Finance cited by RT. According to Deputy Minister Sergey Storchak, this debt will be paid within ''45 days''. The debt to the former Yugoslav republics of Croatia, Serbia, Montenegro, Slovenia and Macedonia had been paid by Russia between 2011 and 2016. After the fall of the Soviet Union, the Russian Federation inherited about 66bn Usd of USSR foreign debt, compared to a few billion available in the state coffers. Russia, however, could claim credits from many other countries generously subsidized by the Soviet Union. But these claims are very difficult to collect. As a matter of fact, in recent years, Moscow has cancelled billions of dollars of debt for a lot of countries in Africa, Asia and Central America. In 2013 Russia has almost completely cancelled the $32bn debt for Cuba. According to Russia's Ministry of Finance, the credits that the former Soviet Union has not collected amounted to about 34bn dollars, money that Russia probably will never see again.(ANSA).

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