DRESDEN, October 10 (RIA Novosti) - Russian President Vladimir Putin said Tuesday Russia will pay 1.125 billion euros of its debt to Germany ahead of schedule.
"We will make a transaction of 1.125 billion euros to Berlin," he said, adding that Russia entirely repaid the former Soviet Union's debt to Germany in August.
In mid-August, Russia and Germany signed a final agreement on the early repayment of part of Russia's Soviet-era debt to the Paris Club of Creditor Nations. The agreement served as a
basis for similar agreements with Russia's remaining creditors in the Paris Club.
On August 21, Russia announced it paid off in full its remaining $23.7-billion debt to the Paris Club.
The Russian Finance Ministry earlier said the country will save $7.7 billion by paying off its debt early.
