Iraq says Russia offers to wipe 65% of its debt
( 2003-12-22 00:12) (Agencies)
Russia has offered to write off 65 percent of Iraq's US$8 billion debt to
Moscow but the offer is conditional on approval by the Paris Club of creditor
nations, a member of the Iraqi Governing Council said on Monday.
"(President Vladimir) Putin has made an offer of Russia exempting Iraq from
65 percent of their debts. That is a decision made by Russia to be confirmed
within the Paris Club," Samir Sumaidy told reporters after attending a meeting
at the Kremlin.
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