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Politics : Politics for Pros- moderated

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To: Brian Sullivan who wrote (21112)12/22/2003 7:35:59 PM
From: Brian Sullivan  Read Replies (1) of 793846
 
Pending approval from the head of the axis of weasels

Russia offers to wipe bulk of Iraqi debt
Mon 22 December, 2003 15:21

MOSCOW (Reuters) - Russia has offered to write off 65 percent of Iraq's $8 billion (4.5 billion pound) debt to Moscow but the offer is conditional on approval by the Paris Club of creditor nations, a member of the Iraqi Governing Council has said.

"(President Vladimir) Putin has made an offer of Russia exempting Iraq from 65 percent of their debts. That is a decision made by Russia to be confirmed within the Paris Club," Samir Sumaidy told reporters after attending a meeting on Monday at the Kremlin.

reuters.co.uk
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