Russia is discussing with the Cambodian leadership the possibility of writing off most of Cambodia’s debt, which stands at around US$1.5 billion, a senior Russian lawmaker said on Monday.
“Russia and Cambodia are holding talks to write off Cambodia’s debt of around $1.5 billion. The principal sum (about 70%) of the debt could be written off as part of Russia’s participation in the Paris Club of Creditor Nations,” said Valery Yazev, deputy speaker of the lower house of Russia’s parliament