War Is Over, But Debt Survives, THE ST. PETERSBURG TIMES

From: The St. Petersburg Times (Russia) | Date: April 23, 2002| Author: | Copyright information

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ONE of the last unsettled financial questions of the Cold War is Russia' s $42 billion of Soviet-era debt to official creditors. Since the Soviet collapse there have been calls to forgive all or part of it. A plausible option for Russia's creditors is to do nothing. But in the aftermath of Sept. 11, President Vladimir Putin's closer political alignment with the West has boosted the chances of a debt deal, as this month's agreement between Russia and Germany over Soviet debts with the former East Germany illustrate. Russia's ability to repay its Soviet-era loans has increased ...

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