Bulgaria Urges Cash Payments on Russia's Debt

Business | February 27, 2003, Thursday // 00:00| Views: | Comments: 0
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Bulgaria will re-negotiate the conditions under which Russia is to pay back its debt during the visit of President Putin to Sofia. This was announced by Bulgaria's Finance Minister Milen Velchev who added Russia would get a small reduction.

According to the minister, Bulgaria now prefers cash payments dismissing the nuclear fuel deliveries that it accepted for some time. The two countries have not reportedly prepared the papers for the renewal of the cash payments but President Putin is expected to deliver "a strong signal" in favor of the revision.

Putin will pay a three-day visit to Bulgaria starting March 1.
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