Russia settles last part of Soviet debt

Baku, August 22, AZERTAC

Russia completed payments of its debt under liabilities of the former USSR to Bosnia and Herzegovina, the Russian Finance Ministry said, TASS reports. Bosnia and Herzegovina became the last foreign state - creditor of the USSR or Russia with unsettled liabilities.

The state foreign debt of Russia to Bosnia and Herzegovina arose in connection with liabilities assumed by Russia on repayment of debts of the former USSR within the framework of trade and economic cooperation with ex-Yugoslavia (in portion accounted for Bosnia and Herzegovina).

Russia still has an outstanding debt to the Republic of Korea in the amount of $594.3 mln in terms of the sovereign foreign debt to official bilateral creditors. The balance of liabilities is to be repaid by 2025 in accordance with the effective bilateral intergovernmental agreement.

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