While the Media was Attacking Putin he Paid off the Nations Debts and Bombed ISIS

While the Media was Attacking Putin he Paid off the Nations Debts and Bombed ISIS

While the Media was Attacking Putin he Paid off the Nations Debts and Bombed ISIS

War on Terror

Russian Tu-95 bombers have struck Islamic State (IS, former ISIS/ISIL) targets in Syria’s Raqqa region using X-101 cruise missiles, the Russian Defense Ministry said in a statement, adding that it informed the US about the operation.

“On February 17, 2017, strategic missile carrying Tu-95 bombers made an operational flight from the territory of the Russian Federation over the territories of Iran and Iraq and conducted an air strike against Islamic State terrorists’ objectives in the Raqqa region using X-101 cruise missiles,” the ministry’s statement says.

It also says the Russian bombers hit the terrorist’s bases and training camps as well as a command center of one of Islamic State’s “large detachments,” adding that all objects were successfully destroyed.

In Syria, the bombers operated under cover of Su-30 and Su-35 fighter jets scrambled from the Khmeimim Airbase in Syria’s western Latakia region. The bombers then returned to their bases in Russia, the statement says.

Russia’s Debt

Last week, the Finance Ministry said it had cleared the $60.6 million debt to Macedonia. This means that the last debt of the Soviet Union is $125.2 million to Bosnia and Herzegovina. Both countries were formed after the breakup of Yugoslavia and won the right to reclaim part of the Soviet debt.

“The agreement has taken a long time to get ready, a preliminary agreement has been signed. The final version just needs signing, it’s a matter of a few months. It will be a single tranche through VEB [Russian state bank of foreign economic affairs]. There are no difficulties there, the question will be resolved by the summer,” a source in the Russian Finance Ministry told Izvestia. The debt will be paid off within 45 days after the agreement is signed, the source said.

The USSR’s foreign debt was accumulated in various ways. Obligations to Western countries accrued in the debt market after 1983. The money owed to the former Yugoslavia was as a result of trade.

“On the one hand, the USSR supplied Yugoslavia with products of the defense industry and energy. On the other, Yugoslavia sold consumer goods to the USSR. The debt was formed due to the difference in the value of imports and exports,” managing partner of law firm HEADS Consulting Aleksandr Bazykin told the daily.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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