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. Last Updated: 07/27/2016

French Protest Debts

The French Association of Holders of Russian Bonds is mobilizing its resources to secure payments of billions in tsarist bond debts from Moscow. With this goal in mind, it intends to conduct a series of mass demonstrations ... timed with the session of the Russian-French council for bilateral cooperation, and with the meeting of the Chernomyrdin-Jupp? commission, set for the end of November. ...


According to the president of the association, Pierre de Pontbriand, out of 30 million tsarist bonds, at the present time there remain all of 4 million in the hands of approximately 400,000 holders.They are valued at 160 billion francs [$31.4 billion], with a face value of 40 billion francs. ...


The French are indignant that they are the only ones to whom Moscow is indebted, already having settled with all other countries. ...


The other day, the French Association of Holders of Russian Bonds, as part of a routine campaign, published in Britian's influential Financial Times newspaper and The Economist magazine calls to international investors to hold back from granting Russia new loans until it accepts responsibility to settle with the holders of the old promissory notes. ...