Energy & Environment

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September 20, 2012

Russia and Kyrgyzstan Sign Base, Debt, and Power Deals

By RIA Novosti

Russia and Kyrgyzstan Sign Base, Debt, and Power Deals

Russian President Vladimir Putin and Kyrgyz President Almazbek Atambayev

From RIA Novosti:  Russia and Kyrgyzstan signed a series of deals on Thursday including an agreement on maintaining Russian military bases in the Central Asian state, following a visit by Russian President Vladimir Putin.

The 15-year base agreement, signed by the two nations’ leaders, will come into effect in 2017 with a possible five-year extension. The agreement sets out what Russia will pay for renting the base, which has not been disclosed. . . .

The two sides also signed a deal on the settlement of Kyrgyzstan’s debt to Russia, totaling $489 million. A $189 million loan Kyrgyzstan owed Russia from 2005 will be written off, while a $300 million loan from 2009 will also be written off in two tranches in ten years, starting from 2016.  (photo: Mikhail Klementiev/RIA Novosti)

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