Source Pravda.Ru

Iraqi Debt Reschedule Up to Paris Club: Russia's Finance Minister

It is up to the Paris creditor club alone to determine whether the Iraqi national debt will be rescheduled. That format of related negotiations has been decided upon. As for practical rescheduling details, they will depend on all involved countries, says Alexei Kudrin, Russia's Finance Minister and Deputy Prime Minister.

He highlighted close stances of Russia, France and Germany as they object to Iraqi debts written off unconditionally.

The debts will certainly be rescheduled, and it is unreasonable to expect whatever sizable payments within the next two years or so. "We have long been waiting for debt payments, and we can wait longer," the minister remarked in Paris.

There is something far more important to wait for now - the emergence of a lawful government in Iraq, he added.

When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked

US sanctions to kill Russian banks and sovereign debt?

The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America

Turkey desperately tries to rescue its national currency as it falls to all-time lows
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