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Yemeni delegation to visit Russia
Yemen, Economics, 2/23/1998
An economic delegation from the Yemeni government will be headed to Moscow on the February 25 to hold negotiations concerning settling debts and negotiating a bilateral agreement.
Yemeni debts to Russia total $6.7 billion, most of it from military sales with the "Southern Yemen" before the Yemeni unification.
Russia dropped 80% of the debts after joining the Paris Club last yearwhile appling "Napoli's conditions" on the rest.
The undersecretary of the Yemeni Ministry of Finance, Ahmed Galab said that U.S. debts of $20 million will be settled soon through an agreement signed by the American ambassador in Sanaa with the Yemeni minister of finance, Alawi Al-Salami and the governer of the central bank, Ahmed Al-Samawi.
Previous Stories:
Yemeni citizens the poorest in the world
(2/21/1998)
Yemen, Indonesia sign economic cooperation agreements
(2/20/1998)
China, Yemen sign cooperation agreements
(2/18/1998)
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