Paris Club agrees on deal on US$15 billion Russian debt buyback

  • 12/15/2022
  • 22:10
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Paris, May 13, SPA -- The Paris Club of creditor nations agreedFriday to allow Russia to buy back US$15 billion (¤11.8billion) of mainly Soviet-era debt, the group said in astatement. The club said its 19 member governments would chooseindividually whether to participate in the buyback, butsaid "an overwhelming majority" would accept Russia'sterms. The buyback will take place between June and August, The Associated Press quoted the group as saying.--SPA1529 Local Time 1229 GMT www.spa.gov.sa/262002

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