Russians pay last part of Soviet debt to Czech Republic

The Russian Finance Ministry announced on Monday that it has repaid the last part of its debt to the Czech Republic, which goes back to the time of the Soviet Union. Russia and the Czech Republic agreed on the repayment of the debt in 1994, and later the Czech government sold a large portion of 3.6 billion dollar total to a private company. Jiří Rusnok’s government approved the repayment of the remaining debt, of around 6.5 million dollars, this summer. The Russian ministry said it has paid it back through industrial production and monetary means.

Author: Masha Volynsky