§ Mr. CohenTo ask the Chancellor of the Exchequer what estimate he has made of the amount of(a) Soviet era debt and (b) subsequent debt which the Russian Federation has defaulted upon to date; what is the amount of that country's current debt awaiting service; and if he will make a statement. [91761]
400W
§ Ms HewittThere are no publicly available official estimates of Russia's total debts or of its arrears. At the Koln Summit G8 Heads welcomed the outline agreements recently reached by Russia with the IMF and the World Bank and looked forward to their speedy implementation as a further important step in Russia's reform program. They also encouraged the Paris Club to act expeditiously to negotiate a debt rescheduling agreement with Russia once an IMF agreement was in place.