Monday, April 09, 2007

Macedonia, Russia settle debts

SKOPJE -- Macedonia successfully wrapped up negotiations on the projects intended for settling of Russia's debt owned to Macedonia.

The Cabinet of the Macedonian Vice-Prime Minister, Zoran Stavrevski issued a statement following the governmental delegation's official working visit to Moscow.

In the course of the visit, Macedonian officials met with the Russian Finance Minister Sergey Storchak, who is in charge of settling liabilities of the former USSR towards the Republic of Macedonia.

The negotiators reached an agreement that the debt be returned by construction of a gas-pipeline system in Macedonia.

Russian and Macedonian high state officals agreed on the Initiation of as many as four projects, including the primary and secondary gas pipeline ring encircling Skopje, the local pipeline Kleńćovce-Veles-Stip and the pipeline Skopje-Tetovo.

The interlocutors also agreed to set up a working panel, comprised of representatives of Gazprom and Macedonian experts, tasked to work out the details on the realization of the projects.

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