Logo of Phnom Penh Post newspaper Phnom Penh Post - Debt request

Debt request

Debt request

The Cambodian National Assembly requested Russia to cancel the $1.5 billion Cambodian

debt owed since the Cold War period. Cheam Rep, chairman of the National Assembly's

Finance and Banking Commission, said National Assembly President Heng Samrin made

the request during the annual meeting of the Asia Pacific Parliamentary Forum in

Russia last month. Cambodia asked Russia to follow the International Monetary Fund,

which wiped out Cambodian debt of $82 million. Rep said Russia would make any debt

write off conditional on a renewal of military ties; a restoration of Phnom Penh-Moscow

direct flights, and further Russian exploration of Cambodia's oil deposits.

MOST VIEWED

  • Prince injured, wife dies after accident

    THE wife of former First Prime Minister Prince Norodom Ranariddh, Ouk Phalla, 39, died while the prince was “severely” injured following a road accident in Preah Sihanouk province’s Prey Nub district on Sunday morning, officials said. Rananriddh, who is also the president of the Funcinpec

  • Bun Heang mocks US, threatens its citizens in scathing open letter

    After being hit with sanctions from the US Department of Treasury, Cambodian General Hing Bun Heang said he would retaliate against any US national who does not respect his country’s sovereignty, has ambitions to invade Cambodia or incites “traitors” in the Kingdom to do

  • Police warn boycott FB group involved in the “Clean Fingers Campaign”

    Police said on Tuesday that they will pick up members of a Facebook group involved in the “Clean Fingers Campaign” that promotes a boycott of next month’s national elections. However, police merely planned to “educate” the group for now, but warned that if the

  • Ranariddh 'seriously injured', his wife dies in accident in Preah Sihanouk

    THE wife of former first prime minister Prince Norodom Ranariddh has died. Ouk Phalla succumbed to injuries sustained in a traffic accident on National Road 4 in Preah Sihanouk’s Prey Nub district this morning. She and the prince were immediately rushed to the Preah Sihanouk