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. Last Updated: 07/27/2016

Russia to Repay U.K.

MOSCOW () -- An agreement on repayment of former Soviet debt to the London Club of creditors was signed Friday by Russian Deputy Prime Minister Oleg Davydov and Bank of England Chairman Eddy George, Itar-Tass reported. The agreement lays down the schedule for the repayment of the $28 billion debt, a liability which Russia accepted following the collapse of the Soviet Union.