Russia Agrees to Iraq Debt Plan
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Russia agreed Sunday to join in an international agreement to forgive up to 80 percent of Iraq&#39;s foreign debt, allowing the deal brokered by German and US officials to go ahead.
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Germany has unveiled an international plan to wipe out tens of billions of dollars of Iraqi debt so that the war-torn country can rebuild in earnest.
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Russian President Vladimir Putin has signed a decree permitting Russian organizations to sell weapons and military equipment to Iraq's provisional government, the Kremlin said Monday.
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The United States, Germany and other G7  nations agreed Saturday to write off up to 80 percent or $33  billion of Iraq's Paris Club debt, which could pave the way for  a wider international accord, officials said.
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Russia's government on Monday approved the Finance Ministry's 2005 draft budget, which anticipates a surplus for the fifth straight year as the country enjoys growth fueled by high oil prices.
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Germany&#39;s finance minister has said he and his American counterpart have worked out a deal to write off 80 percent of Iraq&#39;s $120 billion foreign debt.
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Paris - Iraq and the United States on Monday hailed an agreement by a group of creditor nations to write off billions of dollars of debt inherited from the former regime of Saddam Hussein as &quot;historic&quot;.
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Russian President Vladimir Putin promised on Thursday new nuclear weapons as part of Moscow's military build-up, saying the experience of Iraq showed the need for resource-rich countries to keep strong defenses.
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MOSCOW The Russian Justice Ministry said on Tuesday that it had decided to go ahead with the sale of parts of the oil company Yukos to cover billions in taxes owed by the company.
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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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Russia agreed on Sunday to forgive up to 80 percent of Iraqâs debts to the Paris Club (about $33 billion). A US Treasury official quoted by Reuters said they received this information from Russia.
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Russia pledged on Tuesday to write off  an additional $500 million of African debt, just days before a  Group of Eight summit where Germany will push rich nations to  deliver on promises to help Africa.
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Russia has not agreed to a German-US proposal that would forgive up to 80 percent of Iraq&#39;s foreign debt, according to German Finance Minister Hans Eichel.
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Russian President Vladimir Putin has confirmed Russia&#39;s willingness to start the early repayment of debts within the framework of the Paris Club.
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Amid renewed violence, major creditor nations of Iraq reached an agreement Saturday in Berlin to write off 80 percent of Iraq&#39;s debts to help rebuild thewar-torn country.
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The Paris Club of creditors met on Sunday  to finalize an agreement on writing off debts owed to its 19  member countries by Iraq -- a deal which could pave the way for  a wider international accord.
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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.