PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Raymond Duray who wrote (514546)	12/23/2003 12:04:47 AM
From: Oeconomicus	Read Replies (1) of 769670

LOL. Seems it IS all about oil, after all... to the Russians, anyway. That they were so quick to forgive most of their debt in exchange for oil deals with Iraq must really piss you off considering all the noise you Bush-hating lunatics made over Bush's alleged "diplomatic blunder" of shutting them out of leading US taxpayer funded contracts. story.news.yahoo.com Russia is ready to write off more than half of the $8 billion that Baghdad owes Moscow, its largest creditor, President Vladimir Putin (news - web sites) told a visiting Iraqi delegation on Monday. At a Kremlin meeting, Putin also told the delegation that Russian companies are ready to invest up to $4 billion in Iraq (news - web sites) as Russia looked to revive oil and other contracts ruptured or left unimplemented in the last years of Saddam Hussein (news - web sites)'s regime. ... The ousting of Saddam Hussein's regime by the U.S.-led military invasion brought an end to the U.N.-sanctioned oil-for-food program, which had been a bonanza for Russian companies. Under the program, Russian companies got preferential terms for contracts to supply products ranging from rice to refinery equipment and received Iraqi oil, which was then resold to others. Russia's eagerness to resume business in Iraq is whetted by its being shut out of contracts for Iraqi reconstruction. The United States decided to bar countries that opposed the war from taking part in the reconstruction efforts, with a price tag of more than $18 billion. ... Shame on Putin for being such a stooge for "Bushie propaganda", eh Duhray? LOL.

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