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Sarajevo Times > Blog > BUSINESS > How will the Money from the Clearing Debt be distributed?
BUSINESS

How will the Money from the Clearing Debt be distributed?

Published August 8, 2017
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The Russian Finance Ministry informed the Ministry of Finances and Treasury of Bosnia and Herzegovina that it will pay the clearing debt today, according to the ministry.

The Minister of Finances and Treasury of BiH Vjekoslav Bevanda and the deputy minister of finances of the Russian Federation Sergej Storcak, signed an Agreement to Regulate the Obligations of the former USSR to BiH in Moscow on March 21st.

According to that agreement, 125,157,834 US dollars will be paid to BiH.

The funds will be distributed as such: 58% of 72,591,543 dollars to FBiH, 29% or 36,295,771 dollar to RS, 10% or 12,515,783 dollars to the institutions of BiH, and 3% or 3,754,735 dollars to Brcko District.

BiH was the only country in the former Yugoslavia to whom that clearing debt wasn’t paid.

Obligations towards other countries of the former Yugoslavia were settled between 2011 and 2016 and the debt was returned exclusively in goods.

(Source: Klix.ba)

 

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TAGGED:#BiH#debt#money#russia
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