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Russia seeks debt relief to regain access to foreign capital
Russia struggles to shed Soviet era obligations as creditors weigh write offs for about a third of the $31.8 billion in Soviet debt. Moscow hopes forgiveness will ease the burden, restore credibility with lenders, and allow future Eurobond financing while Paris Club talks loom. Germany resists large cuts, and Russia faces slow growth if reforms stall.
MENTIONED IN THIS ARTICLE
Russia
Sadasete
Wales
London
Soviet Union
Mikhail Kasyanov
Paris
Kasyanov
Germany