PARIS CLUB PROVISIONALLY AGREES TO RESCHEDULE RUSSIAN DEBT.

Chairman of the Paris Club of creditor nations, Christian Noyet, and reached provisional agreement on rescheduling Russia’s debts to the Club. (3) Oleg Davydov, minister for foreign economic relations, said an official announcement of the deferment will be made as soon as Noyet has consulted with Club members. He added that agreement was also reached for Russia to join the organization later this year as a creditor; he said Russia owes $38 billion but is owed $130 billion. Once Russia joins the Club, the probability will increase that countries such as Kenya, Ethiopia, Nicaragua and Angola will pay the debts they owe to the former USSR, which total nearly $130 billion, Davydov said.

Arms Producers Get Licenses to Export.