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The revelation of Russia's drop of huge debts to Iraq

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rocky
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The revelation of Russia's drop of huge debts to Iraq

Post by rocky on Fri 12 Jan 2018, 2:28 pm

[ltr]The revelation of Russia's drop of huge debts to Iraq[/ltr]
[ltr]Economie[/ltr]
 Since 2018-01-12 at 19:45 (Baghdad time)
[ltr][You must be registered and logged in to see this image.][/ltr]
[ltr]Mawazine News - Follow up[/ltr]
[ltr]Russia has dropped sovereign debt to a number of countries during the past year amounting to $ 140.2 billion, including Arab countries such as Iraq, Syria and Algeria.[/ltr]
[ltr]"The world's governments are granting loans to countries in the world to obtain concessions in return, such as preferential terms for their products or for their investors in the borrowing country," Deputy Finance Minister Sergei Storchak said.[/ltr]
[ltr]"Loans are divided into two types: first, funds are used to finance the purchase of goods and products from the lender country, and the second is used as financial aid to borrowing countries to overcome difficulties."[/ltr]
[ltr]"Russia has written off debts of 21.5 billion dollars to Syria and 9.8 billion dollars to Syria in return for deals in several fields such as construction, oil and gas, and Algeria for 4.7 billion dollars," Storchak said.[/ltr]




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