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Russia to write off Kyrgyz debt

Business Materials 10 September 2012 17:01
Russia plans to write off Kyrgyz debt for 2005 and 2009, 24.kg reported on Monday with reference to the country’ deputy Finance Minister Mirlan Baygonchokov.
Russia to write off Kyrgyz debt

Azerbaijan, Baku, Sept. 10 / Trend V. Zhavoronkova /

Russia plans to write off Kyrgyz debt for 2005 and 2009, 24.kg reported on Monday with reference to the country' deputy Finance Minister Mirlan Baygonchokov.
He said Russia will not demand the shares of Dastan enterprise in return for the writing off.

"The debt will be written off in two steps," Baygonchokov said.

He noted that the first step will cover the debt of 2005 in an amount of $188.924 million, and the second - the debt of 2009, which is $300 million.

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