By Khouth Sophak Chakrya
The Phnom Penh Post
THE Russian Federation has refused to wipe out over a billion dollars of Cold War-era debt, despite National Assembly President Heng Samrin's appeals to senior Russian officials during his recent six-day visit to the country.
Cheam Yeap, a senior lawmaker for the ruling Cambodian People's Party who accompanied Heng Samrin on the trip, said Tuesday that Russian officials have not yet accepted the government's bid to cancel the debt, which totals around US$1.5 billion. The money was borrowed from the Soviet Union in the 1980s for the purchase of military equipment during Cambodia's decade-long civil war.
Cambodia requested debt cancellation from Russia in 2006 and 2008, but was unsuccessful both times.
"We made an effort to convince them by saying that China cancelled $300 million of a $5 billion debt and the IMF canceled a debt of $82 million. But they said nothing," he said.
The delegation travelled to Moscow and St Petersburg, where they met with Sergey Mironov, chairman of the Russian Federation Council's Federal Assembly and other government representatives to discuss a potential air route linking Moscow with Phnom Penh and Siem Reap.
He added that Russia's deputy prime minister and investors from the country will visit Cambodia on November 15 to investigate a possible dam project.
"They will look into investing in a hydropower project in Stung Treng that will be able to produce 980 megawatts of electricity," he said.
Cheam Yeap, a senior lawmaker for the ruling Cambodian People's Party who accompanied Heng Samrin on the trip, said Tuesday that Russian officials have not yet accepted the government's bid to cancel the debt, which totals around US$1.5 billion. The money was borrowed from the Soviet Union in the 1980s for the purchase of military equipment during Cambodia's decade-long civil war.
Cambodia requested debt cancellation from Russia in 2006 and 2008, but was unsuccessful both times.
"We made an effort to convince them by saying that China cancelled $300 million of a $5 billion debt and the IMF canceled a debt of $82 million. But they said nothing," he said.
The delegation travelled to Moscow and St Petersburg, where they met with Sergey Mironov, chairman of the Russian Federation Council's Federal Assembly and other government representatives to discuss a potential air route linking Moscow with Phnom Penh and Siem Reap.
He added that Russia's deputy prime minister and investors from the country will visit Cambodia on November 15 to investigate a possible dam project.
"They will look into investing in a hydropower project in Stung Treng that will be able to produce 980 megawatts of electricity," he said.
15 comments:
Installment plans..
Russian stingy...
Paid off please
Thank you Russia!
It's time to take RESPONSIBLITY. It's time to be self-sufficient.
I'm with you, Mr. Russian. Again, you should stick to this decision.
oh why Russia,?????
Nothing is FREE AH HUN SEN do not fool.
Hey all Koun khmers,
you all must to know that you have two forms of debts:
1) old debt: China (US$4.7 billion), Russia (US$ 1.5 Billion), USA (US$ 300 mil.), and the other countries.
esp. Vienam (no report about this debt?)
This money is only for weapon to kill innocence Khmer people.
2) new debt: China (US$7 billion), Russia(?), USA,Japan, Korea, Thailand, France, WTO, Vietnam, Taiwan and more.
1)& 2) ==> all Khmer generation must pay back for your live span.
God bless you all
and where the fuck all these monies go?
now you want us, the children's children of khmer pay for this fucking government.
the russia did the right thing.
now fuck hun sen needs to know where all the fuck of these monies have gone.
the people of cambodia are still starving, and do not have place to live.
I pray god that the thai will teach you a hard lesson.
thai is the only hope for khmer.
the thai can fight against the regime, and then the people can take it from there.
cambodia must wake up and rise against allforms of dictarships
this is a perfect opportunity
rest assured, the thai will teach this bastard, hun sen, a lesson that he will never forget.
if the majority of khmer are living in substandard condition, and most of them are starving to death, it is better to have the thai evade cambodia
Khmer generations to come will pay for the gross mismanagement of the the khmer natural resources, economy and coruptions. 1.5Billion where can Khmer people get the money from?
This story need to spread to all Khmer people to know all the countries Cambodia owed and how much.
And Khmer still voted for this impunity government repeatedly. I still can't figure out what are Khmer mentalities to why they lack-forward of nationalism, ignorance of the past history of foreign encroachment, and continue living under suppression of Viet's crony like Hun Sen regime. Poor Khmer, you are the only race that choice of such life!!! Stupid Khmer.
It's very embarrass for lork krou Cheam Yeap when Russia refused to cancel debt. But do not worry my teacher ThakSin will help you because he clever about economic.
My teacher :
Donation = no need to pay back
Loans = need to pay back with interest
sorry lork krou
Aids are loans, cambodians!
CPP turns small proportion of these loans to gifts from CPP and the rest just simply shared in between rankings.
Selling forestry, mines, public properties or lands...and cambodians are still poverty trapped.
it is quite obvious that is why corruption laws is not important to CPP cuurently ruling cambodia.
There will be generations to come to pay for debts that cambodians do not know. Thank you for the effort to request for loans reduced, then can beg some more to share.
It may sounds funny but the King who own the kingdom will have to pay for the loans by having his direct income paid in instalment.
Concerns
If you owed you have to pay,nothing for free.good luck for all khmers. pay....pay....pay...
You guy take cambodian credit card?
Come on everybody lets vote for Hun Sen again. He will give you another free tee shirt. This time it will have a portrait of Thaksin on it. Ah yes, Hun Sen promised you ignorant khmer people cash last time. Too bad the local officials responsible for distributing it pocketed the cash, but by all means vote again for him. What else do you have to lose? Maybe just your land, resources and country in whole. Hun Sen doesn't care he has Thaksin to teach him how to live like a fugitive someday. Start looking for a deserted island or get ready to call the ocean home.
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