8 Ex-Republics Get Debt Break
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Associated Press
PARIS — A group of 17 Western creditor nations agreed Saturday to allow eight former Soviet republics to suspend debt payments until the end of 1992.
The pact allows deferral on the principal only of medium- and long-term external debts contracted before Jan. 1, 1991, and falling due between Dec. 5, 1991, and the end of 1992.
The eight are Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan, Moldova, Tajikistan and Turkmenistan.
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