Russia to pay Soviet debt to Macedonia in goods

Russia will pay back $60 million in Soviet-era debt to Macedonia in goods, Deputy Russian Finance Minister Dmitry Pankin said on Saturday.

In a deal to be signed later in the day, Macedonia will pledge to buy $76 million worth of Russian goods, $60 million of which will be covered by the debt, Pankin said. For the remainder, it will pay $16 million in cash.

Russia will also help Macedonia rebuild its gas transport system over the next 5 years, Pankin said.

A Russian government source has said that Macedonia is among countries expressing interest in joining the South Stream gas transit system project.

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