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Moscow cancels $US 12 BLN Iraqi debt

Published: 12 February, 2008, 05:55


Iraqi debt to Russia is about $US 13 billion... (image from mignews.com.ua)

Most of Iraq’s Soviet-era debt has been written off by Russia, allowing the country to capitalise on the war-torn state’s massive rebuilding programme. The $US 12 billion dollar write-off was announced as the Russian and Iraqi foreign ministers met to dis

 
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