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ECONOMIC BRIEFS

Slovak, Russian finance chiefs discuss debt deal

Russian Finance Minister Alexander Livshic, after meetings with Slovak Finance Minister Sergej Kozlík on February 25, said that Russia will provide Slovakia with a $50 million ($1:5 billion Sk) loan to complete the Mochovce nuclear power plant by April. Both ministers discussed the repayment of Russian debts to Slovakia worth $1.2 billion (40 billion Sk) as well. The Slovak government aims to collect at least $160 million annually. At the meeting, Kozlík submitted a list of commodities, including armaments, which he said would help the Slovak economy develop and repay the debt.

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