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December 23, 2003 by AK

Putin Offers to Wipe $5Bln of Iraqi Debt

Putin volunteers to forgive $5.2 bn of the $8 bn Iraq owes to Russia! The news confounded me at first, but considering that Putin made his offer after meeting with members of Iraq’s provisional government, I have to assume he expects something in return. Oil concessions in Iraq for Russian petrogiants? See also what Seablogger has to say.


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