Russia repays Soviet Union’s debt to Kuwait

DELFI / Tomas Vinickas

The Finance Ministry of Russia said last Friday it paid the principle, USD 1.1 billion, in funds and the USD 620 million interest was compensated in Russian technology that was handed over to Kuwait.

The Soviet Union took a loan from the Middle Eastern nation in 1991 to pay out previous debts and cover imports.

Russia, which took over the rights and obligations of the Soviet Union after it broke apart in 1991, still owes Soviet debts to countries like Korea, Macedonia, and Bosnia and Herzegovina.

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