Russia will write off Kyrgyzstan’s debt of $240 million
MOSCOW, may 3 — PRIME. Prime Minister Dmitry Medvedev signed a decree which approved a one-time write-off of Russia’s debt on loans to Kyrgyzstan in the amount of $ 240 million, should be published on the official portal of legal information of the document.
“As of March 30, 2017, the amount of debt of the Kyrgyz side to the Russian side … is 240 million dollars … 100% of the amount of debt of the Kyrgyz side to the Russian side … are subject to non-recurring write-off of the date of entry into force of this Protocol”, — stated in the message.
It is noted that the cancellation is made within the framework of Russian official development assistance to Kyrgyzstan.
Moscow and Bishkek in 2012 signed an intergovernmental agreement on the settlement of debt totaling some 500 million dollars. The document called for full cancellation of one part of the debt — 188,9 million dollars — a day on which the agreement enters into force, and stretched for ten years, beginning in March 2016, the cancellation of the second part of the debt to $ 300 million.
The head of the state debt of the Ministry of Finance of the Republic Bakyt Sydykov said in April the Agency Sputnik Kyrgyzstan, which of these $ 300 million was already written off 60 million, and Kyrgyzstan is counting on one-time write-off of remaining debt to the Russian Federation in the amount of 240 million dollars, working through a relevant agreement with the Russian side.