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CROATIA WILL TAKE OVER ITS SHARE OF FUNDS WHICH U.S. UNFROZE

ZAGREB, May 5 (Hina) - Croatia will submit the number of the account on which a payment in the amount of US$56 million should be made. This is the amount Croatia should receive after the United States unfroze US$225 million which belonged to the former Federal Socialist Republic of Yugoslavia, the government's sources reported on Monday.
ZAGREB, May 5 (Hina) - Croatia will submit the number of the account on which a payment in the amount of US$56 million should be made. This is the amount Croatia should receive after the United States unfroze US$225 million which belonged to the former Federal Socialist Republic of Yugoslavia, the government's sources reported on Monday. #L# Government representatives held consultations today regarding Croatia's further steps after the unfreezing of funds. The consultations will continue, the same sources said. Croatia has requested that the US$225 million of foreign exchange reserves deposited in U.S. banks be frozen, but the U.S. has recently unfrozen the funds. The successor countries to the former Yugoslavia which forwarded the numbers of the accounts to the US, have already received the funds. After Croatia submits its account number it will receive its share of the money, namely US$56 million. Sources close to the government said that Croatia would not yet ratify the succession agreement because the amounts stated in the agreement do not match the real figures. Croatia will continue to insist on finding the differences between the amount stated in the agreement and the amount which is being dealt with at the moment, the government sources say. Croatia is the only successor country to the former Yugoslavia which has not yet ratified the succession agreement, signed in June 2001 in Vienna. The most disputable issue, about which correct figures are still being sought, is the issue of funds deposited in jointly-owned banks. The agreement includes the amount of $645 million, while Serbia and Montenegro submitted its figures later according to which this is only the book value and that the amount left in the jointly-owned banks is only $56 million. (hina) it sb

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