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Russia to write off debt to Iraq more than 4 billion dollars
January 14 2018 11:03 p
January 14 2018 11:03 p
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[rtl][rtl]Sell Iraqi bonds worth one billion dollars[/rtl]
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Baghdad Post
Russia has announced the cancellation of debts to Iraq worth more than four billion dollars.
"Russia has written off debts to a number of countries including Iraq, Syria and Algeria over the past year, amounting to 140.2 billion dollars," Deputy Finance Minister Sergei Storchak said in a press statement.
"Governments in the world give 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," he said.
"Russia has written off debts of 21.5 billion dollars and Syria 9.8 billion dollars in exchange for deals in various fields such as construction, oil and gas and Algeria for 4.7 billion dollars," Storchak said.
"Russia has written off debts to a number of countries including Iraq, Syria and Algeria over the past year, amounting to 140.2 billion dollars," Deputy Finance Minister Sergei Storchak said in a press statement.
"Governments in the world give 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," he said.
"Russia has written off debts of 21.5 billion dollars and Syria 9.8 billion dollars in exchange for deals in various fields such as construction, oil and gas and Algeria for 4.7 billion dollars," Storchak said.
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