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. Last Updated: 07/27/2016

Russians May Pay Debt in Arms

BRATISLAVA, Slovakia -- Russia is considering offering arms to cut its heavy debt to Slovakia, Oleg Lobov, the secretary of the Security Council said Monday.


"We are discussing such issues and will continue to discuss them," Lobov said after meeting Slovak Finance Minister Sergej Kozlik in Bratislava.


Slovak officials say Russia owes $1.5 billion, but Moscow has repeatedly maintained the debt is as low as $1 billion.


The debts date from before the 1989 fall of communism in Czechoslovakia. When the country was divided in two at the start of 1993, the Czech and Slovak republics split the debt among them.