Putin Pays Off Russia’s Outstanding Debt To Central Banks

Vladimir Putin completely repays Russias debts to world central banks

Russian President Vladimir Putin has made the final payment on all of the former Soviet republics debts to the world’s central banks – making Russia the only country to set itself free from the tyrannical grip of the New World Order’s banking system.

“The debt to Bosnia and Herzegovina in the amount of $125.2 million has been settled in accordance with the agreement between the Government of the Russian Federation and the Council of Ministers of Bosnia and Herzegovina,” Russian Finance Minister Alexei Kudrin confirmed on Tuesday.

Rt.com reports: The remaining debt was the money the Soviet Union owed to Yugoslavia. The USSR’s foreign debt was accumulated in various ways. Obligations to Western countries accrued in the debt market after 1983. The money owed to the former Yugoslavia was as a result of trade between the countries.

Why Russia pays off Soviet debt alone

Initially, it was assumed the USSR’s foreign debt would be paid by all its republics. A document on this was to be signed in December 1991. The bulk of the debt was on Russia (61.34 percent). Ukraine was to repay 16.37 percent, and Belarus was to repay 4.13 percent.

However, Estonia, Latvia, Lithuania, Azerbaijan, Moldova, Turkmenistan, and Uzbekistan did not sign the agreement. As a result, in 1994 Russia took on all the debt in exchange for property all around the former Soviet Union.

When relations with Russia deteriorated in 2014, Kiev threatened to nationalize Russian property within Ukraine. At the time, the Russian Ministry of Foreign Affairs reminded Ukraine it owes $20 billion in Soviet-era debt and if Kiev raises this question, Moscow can demand repayment.

As of 1994, the debt of the old USSR was almost $105 billion. The largest part of this amount (over $47 billion) was to the Paris Club of creditors. It was a pool of 19 creditors, mostly in the West including the US and the UK.

Russia actively began to repay debts under the presidency of Vladimir Putin, which also coincided with a surge in oil prices, giving the country extra foreign currency.

One of the final large Soviet-era debts was repaid last year to Kuwait. Russia paid $1.1 billion and delivered $620 million worth of high-tech products to the country.

Russia forgave debt owed to USSR

At the same time, Russia has written off a large part of the debt developing countries owed it. In 2014, Russia forgave more than $30 billion in debt owed by Cuba, which accounted for 90 percent of the total liabilities. The remaining debt, amounting to $3.5 billion, will be paid off within ten years in 20 equal installments.

Russia also wrote off Iraq’s debt of $21.5 billion, Mongolia ($11.1 billion), Afghanistan ($11 billion) and North Korea ($10 billion), as well as $20 billion in debts owed by several African countries.

In total, Russia has forgiven more than $100 billion in debt owed by developing countries over the past decade.

  • clarioncaller

    If I were Vlad, I would go back a couple of century’s just to make sure that the Rothschild’s didn’t have any outstanding liens on my property.

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  • Dennis Kilo Delta Arends

    congratulations russia, your are doing well!

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  • Putinisokbymehesatoughguytoo

    I like Putin..but i dont like Russians…they are crazy fucked up demon possessed psyco fuks…. especially the women.. the women are totally fucking insane fucked up diseased ridden whores… but you gotta take your hat off to Putin… basically…how can you fault the guy…he is streets ahead of any leader in the whole world..

  • Mavis Vermicast

    Now, tell us how you really feel 🙂

  • matt

    And we’re not allowed to talk or get along with these people. Gee I wonder why?

  • vglaidlaw

    Rothschild rules the world posted yesterday https://youtu.be/_bvg6X8HeBE
    Rothschild is guardian/banker of vatican and federal reserve.
    Federal reserve pays for both sides of all wars with our money they steal. Rothschild owns Prince Charles and salvation army which is drug cartel. Prince Charles controls hells angels trafficking humans drugs weapons.
    They kill and sacrifice children to their evil god satan; illuminati whistleblower high banker Ronald Bernard witness to.
    Russian vids shows video that freemasons own police (Freemasons same as Nwo illuminati communists Rothschild)