Middle East Economic Survey


No 47



Russia Ready To Begin Debt Cancellation Talks With Iraq

Russia is ready to begin talks with Iraq on reducing the latters estimated $7bn debt to Moscow, Russian Deputy Foreign Minister Yuri Fedotov said on 6 November. His government, he went on, is prepared to have the debt significantly reduced and also to reach agreements on the repayment of the remaining part of the debt. Mr Fedotov did not say what Russia would seek in exchange,...