Russia Writes off Other Countries' Debts and Gets Nothing in Return

The Paris club should be reminded about 94.5 tons of gold seized by the French that were intended for Germany under the Brest-Litovsk Treaty. Russia can make claims against France amounting to $25 billion.

Speaking with the London club, Russia may mention gold worth $50 billion stored in the English Bank since 1914. Like the Americans, the English have not met their obligations regarding supply of weapons and equipment.

In addition, they went halves with the French and received a half of the gold seized in 1918. However, in 1986 the USSR signed an agreement about settling all mutual claims in terms of finance. For the gold obtained by the English treasury, Russia was released of the Tsar’s debts and liability for the securities issued by the pre-revolution government.

Kolchak’s gold estimated at $80 billion was transferred to a Hong-Kong-Shanghainese bank and two Japanese banks under three financial agreements, and today is kept and Mitsubishi bank. Under the agreement, the gold deposit should be returned in the event that the parties fail to fulfill their obligations. We know that the Japanese party has not fulfilled its obligations.

Andrei Bortsov 
Pravda.Ru

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