Home / Economy / China repaid the loan Russia 1992

China repaid the loan Russia 1992

Китай досрочно вернул России кредит 1992 года


China ahead of schedule paid off debts to Russia on loan, which was issued for the construction of Tianwan NPP in 1992. On receipt on payment of 624,3 million dollars (40,62 billion) reported in the Russian Ministry of Finance.

Recall that the loan to China was provided in late 1992. He was supposed to be repaid in 2022. However, out of a total of $ 2.5 billion China used only $ 1.3 billion. It is reported that Beijing launched ahead of schedule to repay the debt from 2010, the original parties agreed on the classification of the supply of consumer goods.

Received from China will go to cover the Federal budget deficit, the Ministry reported.

“For the appropriate amount can be reduced government domestic borrowing or reduced the use of Reserve Fund”, – told in the Ministry of Finance of the Russian Federation.

The Ministry also recalled that in September 2015, Russia repaid its debt to China on the commodity credit from the Soviet Union in the early 1990-ies.

Check Also

Will America manage a soft landing in 2024?

Policymakers rarely bring down inflation without a recession. This time they might Could 2024 be …