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 (My Comment: Look at the generosity of Russia Below; They are Second to NONE in generosity!)
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.
Russia’s Awe Inspiring Gift to the United States Following the 9/11 Terrorist Attacks:
Russia Gave The U.S. a 9/11 Memorial-Truth!
Summary of eRumor:
A forwarded email with photos of a 100 foot structure and says that it is a gift to the U.S. from the people of Russia. The email says that this is called “The Teardrop” and serves as a memorial to the lives lost in the World Trade Center attack of September 11th. The email goes on to ask why there was no press coverage.
The “Teardrop” memorial is real and is a 100-foot September 11th sculpture that was donated by the Russian people and is located in New Jersey.
The memorial was dedicated on September 11, 2006 in a ceremony attended by former President Bill Clinton. Also in attendance were Michael Chertoff, the Bush Adminstration Secretary of the Department of Homeland Security, and family members of World Trade Center victims. Recording artist Leann Rimes sang the National Anthem and Amazing Grace at the dedication ceremony.
Click for Bayonne Local Redevelopment Authority site.
Contrary to the claim of the eRumor, the announcement of the intended memorial as well as its dedication did receive nationwide news coverage including a visit to New Jersey on September 15, 2005, by Russian president Vladimir Putin for the groundbreaking ceremony.
Why is it we never heard about this? How is it that Russia can do it but the US hasn’t been able to create an appropriate monument?
Russian gift to the US I had never heard of this before receiving it. Why didn’t the press report it?
This It is the “TEAR DROP” made and installed by the Russians to honor those who died in 9 11 and a statement against terrorism. It is very impressive.. The tear drop is lined up with the Statue of Liberty…
..it is an impressive memorial and statement against terrorism. Gift from the people of Russia…
“Monument to the struggle against world terrorism, artist Zurab Tesereteii”
The walkway is made of stones.
Names of the persons killed on 9 11 are inscribed on the base.
The base like the Vietnam Memorial wall. It was a cold and windy day but well worth the drive to see.
It is down in the shipping yards across from “The Lady”.