Pakistan To Repay $93.5 Mln Debt To Russia On Former Soviet Union's Operations - Agreement

Pakistan to Repay $93.5 Mln Debt to Russia on Former Soviet Union's Operations - Agreement

Russia and Pakistan signed an agreement to settle mutual financial claims and obligations on operations of the former Soviet Union, according to which Pakistan will repay the debt to Russia in the amount of $93.5 million, a Sputnik correspondent reported from the signing ceremony Monday

MOSCOW (Pakistan Point News / Sputnik - 02nd December, 2019) Russia and Pakistan signed an agreement to settle mutual financial claims and obligations on operations of the former Soviet Union, according to which Pakistan will repay the debt to Russia in the amount of $93.5 million, a Sputnik correspondent reported from the signing ceremony Monday.

On the part of Russia, the agreement was signed by Deputy Finance Minister Sergey Storchak, on the part of Pakistan, Ambassador Qazi Khalilullah.

The debt appeared as a result of export-import operations conducted by the Soviet Union with Pakistan.