Why Russia forgives other countries the debts of the USSR

2024 Author: Seth Attwood | [email protected]. Last modified: 2023-12-16 15:55

Its essence is that an allegedly “bad Putin” signs documents on the forgiveness of the debts of the former USSR to various countries, as a result of which Russia loses money. Supposedly, if we had not forgiven these debts, but received the money owed to us, then a bunch of hospitals, schools, and other social facilities could be built on them. In other words, all our problems stem from the fact that Putin forgave the debts of the former USSR. But if he had not done this, then we would have healed happily. In general, everything is as it should be in liberal bikes.

Let's deal with this issue.

First of all, let's immediately raise the general data so that the general scope of the issue is clear. A simple request to the publicly available "Yandex" gives us several links (in particular, to the same "Wikipedia", which, in this matter, can be trusted, since this information is of an open official public nature).

Following these links, and armed with a calculator if necessary (I personally counted “in my head”, the arithmetic is not difficult there), Russia forgave the former USSR debts in the amount of about $ 125 billion (if all forgiven debts are precisely the debts of the former USSR).

So, in 20 years(from 2000 to 2019) "Kind Russia" forgives the former debts of the USSR 125 billion dollars.

Let's understand, is it a lot or a little?

On the one hand, it seems like a lot. However, for comparison, Russia ANNUALLY allocates about $ 200 billion to the IMF to maintain the stability of the dollar. Just like that, as a gift. This is a tribute that Russia pays, being a country economically and politically colonized since 1991, in the current Bretton Woods world financial system.

Structurally, these "voluntary contributions" are carried out by the RF Ministry of Finance (today all questions are to Siluanov), the Central Bank of the Russian Federation (today all questions are to Nabiullina) and the Government of the Russian Federation (today all questions are to Medvedev).

Compare which is more - $ 125 billion over 20 years and $ 200 billion annually (roughly $ 1 billion a day if you count on weekdays)

Note that all the "liberal" media, which constantly remind about the "mismanaged" forgiveness of the former debts of the USSR, keep silent about this fact, and if they do remember about it, then do not think that with condemnation. Indeed, will they, existing on Western grants, criticize the allocation of money to the West? In the end, it is from this money that the money on which they live is transferred to them.

To whom this comparison is not enough, we will give one more “figure”.

Before Putin came during the "dashing nineties"(which Naina Yeltsina once called “the holy nineties”), when, with the participation of a team of “young reformers”, democracy was victorious in our country, and the liberals want their return so much, valuables were exported from Russia free of charge (that is, for nothing) to the West(including natural resources, as well as other assets) according to the most modest (official) estimates worth about $ 2 trillion … In particular, this was possible thanks to the so-called Production Sharing Law (canceled by Putin), according to which deposits in Russia were not considered Russian territory, so there it was possible to extract and export minerals to the West for free.

Pause. This must be realized.

For 9 years (from 1991 to 1999) valuables worth about 2 trillion dollars were exported from Russia to the West for free (from 1991 to 1999). I will not even ask you which is more - 125 billion in 20 years or 2 trillion dollars in 9 years …

Note, again, that the "liberal" media by no means yell about this, and by no means demand the return from the United States, Great Britain and other "civilized countries" of $ 2 trillion stolen (those dollars, not today's dollars, but they are also subject to inflation every year) natural resources and other assets. And it's understandable why they don't scream.

Before dealing with the forgiven debts of the former USSR, we may well draw the following conclusion:

CONCLUSION # 1. This problem, in principle, is absolutely sucked from the thumb, because Russia loses much more money every year, simply “from the bottom of its heart” sending this money free of charge to the United States so that they can live well there (otherwise it’s very hard for them there). And it is precisely the liberal team that does this - the Government of the Russian Federation, in particular, the Ministry of Finance of the Russian Federation, as well as the Central Bank of the Russian Federation

Now let's see which countries and how much Russia forgave during this period. I will not give a complete list, because there are a lot of countries there. I will give only a partial list.

2001 - Ethiopia, 4.8 billion (10 years since the destruction of the USSR)

2003 - Mongolia, 11.1 billion (12 years since the destruction of the USSR)

2003 - Laos, 1 billion (12 years since the destruction of the USSR)

2004 - Iraq, 9.5 billion (13 years since the destruction of the USSR)

2005 - Ethiopia, 1.1 billion (14 years since the destruction of the USSR)

2006 - Algeria, 4.7 billion (15 years since the destruction of the USSR)

2007 - Afghanistan, 11.1 billion (16 years since the destruction of the USSR)

2014 - Cuba, 31.7 billion (23 years since the destruction of the USSR)

Not everyone has ever studied accounting. And not everyone knows at least the Russian legislation on this issue. Therefore, a little help.

In accounting, a situation where you owe money to someone is called accounts payable, and your partners to whom you owe are called creditors.

The situation when someone owes you is called a receivable, and your partners who owe you are called debtors. As it should be clear from this terminology, in this case we are talking about accounts receivable from the former USSR.

So, even in our accounting legislation, debts existing (at the enterprise level) for more than 90 days (three months) belong to the category of so-called "doubtful debts", that is, such debts, the real likelihood of collection of which is considered small. The amount of these doubtful debts is allowed to be deducted in full (100 percent) from the taxable base for corporate income tax. In fact, this means that the state agrees to consider these debts as real losses. Yes, in order for doubtful debts to become recognized as losses in accounting, a lot of time must pass, and a number of actions need to be taken, but in fact, from the point of view of even tax legislation (current economic activity), they “practically equate to losses” after 3 months after occurrence. Three years later, they become losses automatically, because the statutory limitation period for recovering debts expires, that is, it is basically impossible to collect debts older than three years in court - the court will refuse to recover on the grounds that you simply “missed the deadline”. But even if you went to court, won the case and received a writ of execution, according to which you can collect a debt from the defendant, then you can also collect this debt for three years, then the term of the writ of execution ends on the same legal grounds.

Let me repeat briefly:

From the point of view of current financial and economic activity, “doubtful debts” (with a maturity of more than 3 months) are actually considered losses (they are allowed to be deducted in full from the income tax base).

Debts of three years ago automatically become hopeless (impossible to collect) by law, since the limitation period expires.

It is clear that relations between states are not the same as relations between enterprises in one state. And nevertheless, the above information must be taken into account in order to understand at least approximately the realities of this situation (debt relations). Debt over 10 years between states is actually just as hopeless.

In general, it is possible to collect it only by force, that is, to send a certain "claim", and if it is not satisfied, to collect debts by force in the most literal sense of the word. In this case, the form can be different.

Now let's look at the above list of countries (partial) to which we have forgiven debts.

Firstly, these are African countries, for example Ethiopia and Algeria. Do you really think that they can reclaim the billions previously given to them? It's like ripping off the last smelly clothes from a begging bum on the street. Do you really mind doing this? He will only be left naked to die after that in our not at all warm climatic zone. And what will you get out of these clothes if you try to sell them? There is simply nothing to take. Ethiopia's entire GDP in 2018 was $ 74 billion. Algeria's total GDP in 2018 was $ 174 billion. And while these countries are barely making ends meet, the population lives in extreme poverty. For each of these countries, $ 5 billion is a huge amount of money, they simply cannot physically pay it back. To claim this money at a time would mean to doom a significant part of the population to starvation in the most literal sense of the word. It is ridiculous for Russia to put these countries “on the counter” and collect a certain amount every year, this money will not play any real role. What is the point of getting, for example, 100 million a year for 50 years? On a Russian scale, this is ridiculous. It is much easier to forgive this debt in general or to receive some political dividends for it (which was probably done). Even if Russia did not receive anything specifically for this forgiven debt (which I personally doubt), then it received at least a good attitude from the people of this country. This is a very real political and social bonus. But usually the debt is not forgiven just like that, it is always connected with some kind of political agreements, and this is already a real acquisition, taking into account in fact bad debt that never really becomes money, unless you come to the same Ethiopia or Algeria with weapons, and take this money by force.

Secondly, this is Iraq, which was forgiven $ 9.5 billion in 2004. If anyone has forgotten, in the early 1990s, during Operation Desert Storm, the United States drove Iraq into the Stone Age in the most literal sense of the word. There is nothing to take from this country at all, it lives on the brink of starvation, neighboring Algeria in the table of countries in terms of GDP in 2018. Here is the same situation - either we simply forgive this debt (for some political agreements), or we take it by force from the country, dooming its inhabitants to starvation, or we are trying to get a ridiculous amount for many decades in the amount that our the country does not matter at all that it exists, that it does not exist. Obviously, the possible political dividends here significantly outweigh the financial ones. Not everything in the world is measured by money. Forgiving such a debt can (and does) pay off far more than actually collecting it.

Thirdly, this is Afghanistan. Here debt collection is absolutely unrealistic, in this country the only source of income is the production and sale of drugs. This is actually a state business. This country is also extremely poor, but money that smells of drugs can be much more expensive than not taking it. Given the history of relations between the USSR and Afghanistan, it was much more profitable to forgive this money, focusing on the possible establishment of relations in the future, when the essentially criminal state system imposed on Afghanistan by the United States for many decades will be changed.

Fourth, it is Cuba's debt that was forgiven in 2014. The example of Iraq, which was smeared by the Americans on the other side of the ocean, shows that Cuba is by no means as simple a country as it seems. If Cuba had not been kept under special control by global governance, then the United States, after the destruction of the USSR, would have easily dealt with the objectionable “communist” Cuba. It would be much easier for the United States to deal with Cuba than with Iraq, and if the Americans practically destroyed Iraq, then they could simply wipe Cuba off the face of the Earth if they wanted to. So make no mistake - Cuba is a country under the patronage of global governance. In this regard, debt collection from Cuba is completely unrealistic. The only way to get at least something from Cuba in exchange for the debt is some kind of political agreement. Therefore, the forgiveness of the debt to Cuba did not harm Russia in any way, this money, in principle, could not be collected in any form.

CONCLUSION # 2. The actual receipt of debts from the above countries is, in principle, impossible, based on the realities of life. Receiving money for a long time "for a penny" does not give Russia any real dividends, and at the same time puts the debtor in the position of a slave for decades, which entails the formation of a negative image of Russia. Thus, receiving absolutely insignificant money entails a complete loss of image and the possibility of real partnership

Now let's talk about debt collection

As mentioned above, in the absence of a real possibility of payment from the debtor country, or in the absence of such a desire, the debt can be collected (theoretically) either directly by force, or by appeal to international courts, and then by means of some economic sanctions (coercion) of the country -debtor.

Now we remember the world order in which we live. In terms of economics, this is the so-called Bretton Woods system, which we have already talked about. In this system, there are beneficiary countries (the so-called “civilized west”, which thrives on the plundering of colonies) and colonial countries (donors) that feed the “civilized countries” (these donor countries are officially called “developing”, it’s like “Half-people”, as well as “third world countries”, these are generally not considered people even theoretically).

The entire system of coercion within the framework of this order is built to serve the "civilized countries". In particular, these are all international courts, as well as various other organizations, up to the UN. Let me remind you that even the UN is trying to silence us, let alone talk about all kinds of courts.

Within the framework of the current world financial, economic and political system, no one will give Russia the right either to collect debts by force, or to collect them through the system of international law

It is generally stupid to collect debts by force, it will always be more expensive than simply forgiving the debt, because this will be an indelible stain on the country for the entire subsequent history. For the past 70 years, the United States has been solving its problems in the international arena by force. What this led to (what the United States hates all over the world, and will happily strangle it at the first opportunity) can now be seen by everyone. Do you want such a future for Russia? I hope no.

And no one within the framework of the current system will allow us to collect debts through the international "legal" system, because this system is built to serve the interests of other countries - the United States, Great Britain, the European Union, but by no means Russia. Nobody cares about Russia's interests within this world order (the world Bretton Woods financial and economic system).

Without any exaggeration, we can say that it was the liberals who are now in power in Russia who forgave all countries the debts of the former USSR. In 1991, after destroying the USSR and proclaiming "democracy", they inscribed Russia completely in the interests of the beneficiaries of the Bretton Woods system and renounced any rights of Russia in the current world order. The then Foreign Minister Kozyrev expressed this most directly and succinctly: "Russia has no interests of its own, tell us what interests we have." Everything, after that we can forget about the debts of someone. It's just that the liberals today are trying to pin the blame for this crime on Putin, but Putin even became the interim president of Russia much later than the liberals renounced all Russia's rights in the current world order.

CONCLUSION # 3. In the current world political, financial and economic system, Russia does not have the ability to collect debts in any form, since Russia is not a country in this system that has the right to demand anything

Thus, the only way to collect debts from debtor countries within the framework of at least some civilized relations is to wait for a change in the world model, moreover, within the framework of the new world model, Russia should become one of the “privileged” countries, otherwise it will be impossible.

At the same time, how much the debts of other debtor countries of the USSR will cost to Russia in the new world order is still a big question. Naturally, the dollar will no longer be the world currency, and it’s impossible to say in advance what inflation and debt depreciation will be.

But one way or another, if you expect to collect money from debtors in the new world order, then it is necessary to collect first of all from those who owe the most

And who owes Russia the most?

And most of all, those who just officially stole two trillion dollars from us in the "dashing nineties" - the USA, Great Britain, the European Union - owe it. Against the background of these thieves, the debts that we forgiven, the debts of the debtor countries of the USSR are mere pennies, and it is simply inhumane to collect these pennies from the poor. But with the United States, Great Britain, the European Union - there is something to take. But it makes sense to talk about this only after the change of the world order, and only on condition that we return our rightful place in the new world order, which was voluntarily given to the West by those same liberal “reformers” who today tell this tale about “lost forgiven billions” …

For every adequate person, it is clear that Putin is making a lot of efforts so that in the new world order, which will very soon inevitably replace the dying Bretton Woods system, Russia will return to its place among the major world players. Then we will talk about collecting debts from those who plundered our country in the "dashing nineties".

And debts to poor people dying of hunger and without our intervention, you just need to forgive. You just have to be human, humane and humane. You need to get your back from rich criminals, not from those who have nothing to take.

FINAL CONCLUSION №4. The liberal tale of “forgiven billions” is completely sucked from the finger and built on deliberate lies. Its only task is to create social tension, inflate emotions out of the blue without the slightest reason. The maximum task is to create, through lies, a negative image of Russian President Vladimir Putin in order to create the basis for a coup d'etat and the return of Russia to the "dashing nineties"

On this we will consider the aspen stake in the story of “forgiven billions” and “auction of unheard of generosity” driven in. Share this material with your friends.