Georgia suspends repaying $20 mln debt to Kazakhstan

YEREVAN, May 14. /ARKA/. Georgia has suspended the payment of nearly 20 million-dollar sovereign debt to Kazakhstan, the Finance Minister of Kazakhstan Bolat Zhamishev said on Monday. 

“This is a sovereign debt of modern, not Soviet, Georgia to us. Currently Georgia stopped fulfilling these obligations referring to Paris Club’s decision: as they restructured all their foreign liabilities, Paris Club demands that they restructure all the other debts, and this made them stop fulfilling liabilities to us,” Zhamishev said at the government hour in Majilis (the lower chamber of Kazakh Parliament)

He clarified that the total debt is 20 million dollars. “It ( debt payment) is currently being discussed,” the minister added.

Moreover, Zhamishev said that Kazakhstan has unregulated issues related to shifting to payments via single correspondent account.

According to Zhamishev, Kazakhstan has unregulated issues with Belarus and Turkmenistan.

“With all the other countries we have regulated these issues,” the minister said. —0--