Largest Russian debt recovery ever

The government recently agreed to recover $365 million from a debt of $1.1 billion still owed to Slovakia by Russia and dating back to Soviet times.

It is the largest yearly recovery in Slovak history, and includes a $14 million cash payment and a three-way ‘swap’ of goods with Russia and Vietnam in a nominal value of $185 million. As in the past, most of the debt figure will be paid down in exports of energy raw materials and military equipment to Slovakia.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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