Russia forgives Iraq debt

[lovuian]

http://feeds.bignewsnetwork.com/?sid=326592

Russia has signed an agreement with Iraq, cancelling most of the debt it was owed by the terror-torn country.

Foreign Minister Alexei Kudrin signed the agreement with his Iraqi counterpart Hoshyar Zibari under which Moscow wrote off $12 billion of the $12.9 billion, or 93 percent of Iraq's debt to Russia. The write-off is to take effect in several stages.

Kudrin said in the first stage, 65 percent of the debt will be written off. The remaining $4.5 billion will be cancelled in two stages, subject to further negotiations.

Earlier in the day, Russian Foreign Minister Sergei Lavrov and Zibari signed a memorandum of cooperation in trade, economic, scientific and technical spheres.
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When we leave Iraq Russia has positioned itself perfectly

[scarletwoman]

1. "When we leave Iraq Russia has positioned itself perfectly" Which is why we won't leave.

Not until we are forced out. And we will be forced out, eventually.

k&r
sw

[lovuian]

2. YEP

America can't keep spending like we have and Russia has plenty of money in its banks