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    Russia Repays Soviet Debts to Czech Republic, Finland, Montenegro

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    Russia has completed the repayment of the Soviet Union’s debt of about $3.7 billion to the Czech Republic, Finland and Montenegro, the Finance Ministry said Monday.

    MOSCOW, December 23 (RIA Novosti) – Russia has completed the repayment of the Soviet Union’s debt of about $3.7 billion to the Czech Republic, Finland and Montenegro, the Finance Ministry said Monday.

    The repaid debt to the Czech Republic alone amounted to $3.6 billion. That and an $18 million debt to Montenegro were regulated by deals signed in 1994 and 2007, respectively. The debts were partially repaid by deliveries of industrial goods and partially by monetary funds.

    Most part of Russia’s debt to Finland was repaid in 2005-2006. The rest, worth some $30 million, was repaid by Russian high-tech product supplies and services in line with a 2006 deal.

    Russia repaid the debts after “admitting its liability for the commitments of the former USSR that emerged as part of trade and economic cooperation with those countries in the Soviet period,” Russia’s Finance Ministry said in a statement.

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