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Tuesday, February 12, 2008

Russia writes off $12bn Iraq debt


MOSCOW, Feb 11: Russia on Monday forgave nearly all the $12.9 billion debt owed it by Iraq and voiced hopes of increased Russian investment in the war-torn country, news agencies quoted Finance Minister Alexei Kudrin as saying. The amount forgiven — $12 billion — came to 93...

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In this stage of life the United States is currently in trillon dollars in debt we constly continue spending, in Russia's circumstance they forgave Iran of a debt that would take decades to pay back all for hopes that their investments will increase in the their country.

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