Beijing has agreed to clear a Soviet-era debt totaling 1.57 million Swiss francs ($1.72 million) in a move likely to restart a much bigger debt retirement plan that will involve the delivery of Russian-made helicopters, Russian Deputy Prime Minister Dmitry Rogozin said on Friday.Moscow and China had previously agreed to retire $408 million in Soviet debt with deliveries of Russian goods and services, including 20 Kamov helicopters worth about $355 million, Ria Novosti News Agency reported.
However, the project stalled after China failed to write off a smaller debt of just $1.72 million, according to Ria Novosti.
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