TRADE
Cash or barter options for Russian rice debt
The Commerce Ministry will today propose to the cabinet two options to solve Russia's long-term debt for rice purchases from Thailand.
The two options are cash payment within 30 days for the debt principal of US$36.44 million or a barter trade for Russian products to repay its debt totalling $41 million (including $4.62 million in interest payments), said Commerce Minister Porntiva Nakasai.
Product delivery to Thailand on a barter could be made until Oct 21, 2013, if the two countries agreed on that option.
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About the author
- Writer: Phusadee Arunmas
- Position: Business Reporter
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