Russia blocking Paris Club debt relief for Iraq: G20 source
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BERLIN  - Russia is blocking a Paris Club agreement to wipe out 80 percent of Iraqi debt, a source said on the sidelines of a Group of 20 meeting of finance chiefs.
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Russia could make early repayment next year of up to $10bn worth of its $48bn of foreign debt to the Paris Club of sovereign lenders, Alexei Kudrin, finance minister, announced on Monday.
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The United States and its G7 allies have reached agreement on a deal to forgive 80% of Iraq's huge debts without imposing any conditions, a G7 official said on Saturday.
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Iraq cleared around $81 million in  debt it owed the International Monetary Fund late last week,  fund sources said on Monday, opening the way for the first aid  to flow from the global lender to Iraq.
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The global credit crisis and volatility across developed financial markets could yet hurt Russia and hinder long-term investment, Finance Minister Alexei Kudrin said late on Saturday.
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Bulgaria is reluctant to forgive much of a $1.7 billion debt that Iraq owes it, the Ministry of Finance said Monday.
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Paris - The Paris Club of creditor nations, with the exception of Russia, has reached an agreement in principle to slash debts Iraq owes to the group by up to 80%, a well-placed official said on Sunday.
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Nineteen countries, including Australia, have agreed to cancel 80 per cent of the debt Iraq owes them. The deal secured for the Paris Club of creditor nations ends a trans-Atlantic dispute and probably sets
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The global credit crisis and  volatility across developed financial markets could yet hurt  Russia and hinder long-term investment, Finance Minister Alexei  Kudrin said late on Saturday.
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Russia denied Friday it was withholding information from a panel investigating alleged corruption in the multibillion-dollar U.N. oil-for-food program in Iraq.
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SOCHI. Sept 1 (Interfax) - Russia wants to help bring the situation in Iraq back to normal and restore order in the country, Russian President Vladimir Putin said in an interview with Turkish journalists in the Russian Black Sea resort of Sochi.
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The Paris Club of creditor nations on Saturday discussed a plan to write off about 80 percent of Iraq&#39;s debts. According to The AP, US Treasury Secretary John Snow and German Finance Minister Hans Eichel concluded
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The world's major economic powers were far apart Saturday on agreeing how to provide debt relief for Iraq and the poorest nations, as finance officials began broader discussions about the global economy.
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The Bush administration formally canceled Iraq&#39;s $4.1 billion debt to the United States on Friday and urged others to do the same to help the country rebuild.
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Russia hopes to repay early $10 billion or more in debts to the Paris Club of sovereign lenders and the IMF next year, a Finance Ministry source told Reuters on Monday.
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The Paris Club of creditor nations on Saturday was debating a plan to write off as much as 80 percent of the debts Iraq owes them, a key step in the United States' push to ease the financial burden on the ...
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Russian President Vladimir Putin told visiting Iraqi Prime Minister Iyad Allawi that his country would write off 90 percent of the debt owed it by Iraq, making it clear