WASHINGTON, April 13 (Hina) - Croatia is intending to block USD225 million deposited by the former Socialist Federal Republic of Yugoslavia (SFRY) in American banks, which the United States is to unfreeze this month. Croatia will
insist on the blocking until the achievement of a final solution to problems of the succession to the former SFRY, Croatia's Deputy Finance Minister, Damir Kustrak, said in Washington on Saturday.
WASHINGTON, April 13 (Hina) - Croatia is intending to block USD225
million deposited by the former Socialist Federal Republic of
Yugoslavia (SFRY) in American banks, which the United States is to
unfreeze this month. Croatia will insist on the blocking until the
achievement of a final solution to problems of the succession to the
former SFRY, Croatia's Deputy Finance Minister, Damir Kustrak,
said in Washington on Saturday. #L#
The United States is planning to de-block in April USD225 million of
foreign exchange holdings which the central bank of the ex-SFRY
deposited in American banks and which Washington blocked within
sanctions imposed to the Slonbodan Milosevic regime and the Federal
Republic of Yugoslavia (FRY also known as the rump Yugoslavia).
Croatia's stand is that those funds cannot be unfrozen as long as
the interested parties, i.e. countries-successors, do not solve
the succession problems completely, Kustrak said.
Zagreb has already blocked USD40 million, deposited by the former
SFRY's central bank, in American banks which the United States
unfroze last December.
Kustrak is a member of the Croatian delegation that is attending a
two-day spring session of the International Monetary Fund and the
World Bank in Washington over this weekend.
(hina) ms