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Russia pays off Soviet-era debts to Croatia

Russia pays off Soviet-era debts to Croatia

30 September 2011 13:35 (UTC +04:00)

Baku - APA-Economics. Russia has fully settled its $185.7 mln debt with Croatia, Russia’s Ministry of Finance said in a statement. The debt arose from a USSR-Yugoslavia trade agreement and was supposed to be discharged by September 22, 2011 under the terms of an agreement between Russia and Croatia signed back in 2006.

Russia repaid its debt by supplying hi-tech and energy equipment for the Croatian Sisak-C thermal power plant.

Russia is expected to fully repay Soviet-era debts to other ex-Yugoslavia states, including Serbia, Montenegro, Macedonia and Bosnia-Herzegovina, by 2016.

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