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NEGOTIATIONS ON SOVIET CLEARING DEBT TOWARDS EX-YUGOSLAVIA START

MOSCOW, Jan 27 (Hina) - Negotiations between the Russian Finance Ministry and all representatives of the successor countries to the former Yugoslavia on settling the former Russian Federation's clearing debt started in Moscow on Monday.
MOSCOW, Jan 27 (Hina) - Negotiations between the Russian Finance Ministry and all representatives of the successor countries to the former Yugoslavia on settling the former Russian Federation's clearing debt started in Moscow on Monday. #L# Croatia's delegation at the negotiations is led by an advisor of the Croatian National Bank Governor and authorised representative at the committee for the division of financial assets and obligations of the former Yugoslavia, Zdravko Rogic, and the head of the government's office for the implementation of succession, Bozo Marendic. The negotiations are aimed at jointly establishing the real amount of the Soviet clearing debt towards the former Yugoslavia and how this amount will be divided among the successor countries. The Russians, who called the meeting, claim the debt amounts to around US$1.2 billion, while the successor countries say Russia owes around US$1.6 billion. The negotiations will last at least three days. According to an earlier agreement, Croatia should receive around 24 percent of the overall clearing debt of the former Soviet Union. (hina) it

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