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Cambodia & Laos Russia

Russia agrees to cancel 70% of Cambodia-owed debt

Russia has agreed to mark off 70 percent of the debt that Cambodia owed in the past years.    “I would like to inform you that Russia has canceled 70 percent of the debt that the kingdom owed,” said the chairman of the National Assembly’s committee of finance, banking and audition. Cambodia borrowed about US$1.5 billion from Russia through its previous governments.

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