| |
 |
Putin vows to repay debts
|
RUSSIA "intends to and will pay the debts of the former Soviet Union", said Russian President Vladimir Putin when seeing off the visiting German Chancellor Gerhard Schroeder on Sunday.
Twenty-five per cent of this year's budget spending will go to debt payment, the president said, adding that experts from both Russia and its creditors of the Paris Club will discuss the amount and the time of the payment.
"These are not debts of Russia, these are debts of the former Soviet Union," he emphasized.
Neither side hopes to undermine Russia's just-recovering economy and its ability to repay those debts, Putin said.
Schroeder, who was going to wrap up his two-day private visit to Moscow, said Russia has an economic capacity to fully repay its debts and implement its international commitments. However, a flexible way is needed here, he added. (Xinhua)
|
|
|
|
