Russia to pay $125.2 mln to redeem remaining Soviet Union debt

MOSCOW, Mar 21 (PRIME) -- Russia has signed an agreement with Bosnia and Herzegovina to redeem a U.S. $125.2 million Soviet debt, the last USSR debt to be repaid, Deputy Finance Minister Sergei Storchak told reporters on Tuesday.

“An intergovernmental agreement between the Russian Federation and Bosnia and Herzegovina has been sighed today to settle obligations of the former U.S.S.R. to settle obligations of on payments connected with trade turnover between the former Soviet Union and the former Yugoslavia,” he said.

The money will be transferred in a single payment within 45 calendar days after the agreement comes into effect.

Storchak said that Bosnia and Herzegovina was the last creditor with unsettled Soviet debt. In 2011-2016, Russia fully repaid debts of the former Soviet Union to the former Socialist Federal Republic of Yugoslavia states, including Croatia, Serbia, Montenegro, Slovenia and Macedonia, acknowledged under a multilateral memorandum signed in 2003.

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