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. Last Updated: 07/27/2016

Russia Pays Hungary Debt With Military Parts

BUDAPEST -- Russia has agreed to pay a further installment of its debts to Hungary with badly needed military hardware and spare parts, the state news agency MTI reported Monday.

"Some $132 million worth of equipment will be delivered this year," Peter Haber of the Hungarian Defense Ministry told MTI upon his return from talks in Moscow. "We expect to sign another agreement in the fall for another $18 million worth."

When the Soviet Army left the country in 1991, negotiations began on debts accumulated, ranging from things like compensation for environmental damage to unpaid water bills.

Under the terms of the agreement, Hungary's armed forces will receive 97 BTR-80 armored personnel carriers, 20 armor-piercing rocket launchers and an unspecified number of rockets.