site map
Gateway to Russia
 RUSSIA IN FACTS
13 April 2004 20:03
Afghan paper reminds Russia of liabilities before it can reclaim debt
The Russian Federation finance minister has told the US treasury secretary on the margins of the World Bank annual meeting in Washington that Afghanistan owes the Russian Federation, the lawful heir of the former Soviet Union, 8.2bn dollars and after this was repaid, Moscow would help Kabul in its development projects to the tune of 2bn dollars. It is common knowledge that the Russian Federation has suffered numerous economic setbacks since the coming to power of [Mikhail] Gorbachev due to the late Leonid Brezhnev's generosity. Moscow actually footed the bills for Cuba, Vietnam, Cambodia, Laos, Ethiopia and, last but not least, the leftist government in Afghanistan. [Passage omitted] Kudos to Vladimir Putin for borrowing funds from the World Bank and the US and for selling unprofitable public sector plants to revive the Soviet economy. The debt the Russian Federation owes to the US is reportedly 40bn dollars. That is why Moscow at present is not in a position to grant Afghanistan a credit, let alone making a donation. However, it was announced earlier that the Russian Federation would help complete the development projects it had launched prior to the civil war in northern Afghanistan. It is not clear whether or not this commitment would hold, considering the assertion made by the finance minister of the Russian Federation. The second point is that Afghanistan has suffered damages worth 860bn dollars, or thereabouts, as a result of the unprovoked and undeclared war waged by the late Brezhnev for which none of the present Russian leaders is held responsible. Actually, the Afghan transitional administration has resumed its diplomatic relations with the Russian Federation on the basis of a "tabula rasa", as if nothing has happened between us. The Russians continue to be our friendly neighbours and we wish them good luck in their efforts to make amends. However, claiming the credits also means accepting the liabilities. This is pure business and does not involve any enmity or revenge-seeking. In fact, no small, poor and half-destroyed country can be antagonistic towards an advanced powerful neighbour. We were good friends and we still are. This is only a reminder to the finance minister of the Russia Federation as a point to ponder.
[The Kabul Times]
Subscription to the daily news digest
Click here to subscribe to the daily news digest.
You will be able to choose your own topics of interest.
Your e-mail address will be kept confidential and will be used exceptionally for sending you this digest.
MOST POPULAR ARTICLES
MORE OF THE LATEST NEWS

Chechen separatist granted asylum in USA
Putin meets foreign journalists
Hundreds rally against terrorism
$10m reward offered for Chechen rebel leaders
How the Guerillas Lost Chechnya
901

Russian economy to grow 7% in 2004
Banks told to report suspicious operations
Beslan is beginning of large scale assault
Parliamentary commission to investigate Beslan tragedy
N. Ossetia President sacks government
Russian police report on 2004 anti-drug operation
top        Send article by e-mail
Get more info about Russia

Contact Us

© Copyright Gateway to Russia 2003

The site is created and administrated by Expert Group within the framework of contract with the Financial Times