MOSCOW, June 18 (RIA Novosti) – Russia has paid off a $2 billion Soviet-era debt to Serbia and Slovakia, the Russian Finance Ministry said Tuesday.
Russia’s $1.7 billion debt to Slovakia and $288.8 million debt to Serbia originated when it assumed responsibility for Soviet obligations under trade and economic cooperation with Czechoslovakia and Yugoslavia, the ministry said in a press release.
In accordance with the current intergovernmental agreements, Russia’s debt was paid off mainly with supplies of Russian industrial goods and partially with financial resources.
The Finance Ministry also said it would pay off Soviet debt to Finland, the Czech Republic and Montenegro before the end of the current year.
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Russia has surged ahead on the foreign policy stage, but this is not enough to remain a great power. The tough-minded policies and masterful diplomacy of Russia’s leadership have maximized the country’s position in the world, and are now the main source of its international influence and prestige. Russia’s foreign policy in the next decade depends entirely on what happens at home.