Russia reduced its Soviet-era commercial debt by $1.1 billion to $635.5 million between late November 2006 and early January 2007

Sunday, June 26, 2022

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Russia reduced its Soviet-era commercial debt by $1.1 billion to $635.5 million between late November 2006 and early January 2007, due to the second stage of its Eurobond-debt swap, the Audit Chamber said Wednesday. The Soviet Union's debt to commercial lenders accrued from the export of goods and services by foreign companies. The swap settled 5,103 claims in original currencies worth a total of $1.1 billion, the Audit Chamber said.

Bookmark Russia reduced its Soviet-era commercial debt by $1.1 billion to $635.5 million between late November 2006 and early January 2007