RUSSIAN DEPUTY MINISTER OF FOREIGN AFFAIRS YURI FEDOTOV ANSWERS A QUESTION FROM INTERFAX NEWS AGENCY REGARDING SETTLEMENT OF IRAQI DEBTS TO RUSSIA
Unofficial translation from Russian
Question: It is known that Iraq is Russia's large debtor. What are the ways to resolve this problem in the light of the situation in which Iraq currently is?
Answer: The Russian side wants to have the Iraqi debt settled on the basis of the mechanisms of the Paris Club. This is a present-day, civilized, universally adopted system for settling foreign debt problems.
Iraq is not a poorest country, and the mechanisms of the Paris Club are very flexible and envisage a tested set of measures for restructuring and easing debtor countries' debts.
December 16, 2003