Date: 8 months ago   Category: Economy

Russia has agreed to pay off on the Soviet debts


Russia won't challenge the decision of the European Court of Human Rights (ECHR) which has awarded to three her citizens of compensation on the Soviet state bonds of 1982. Excerpts from the statement of the Russian Ministry of Justice are given by RIA Novosti. Department has noted that it isn't going to appeal against the July judgment as that has supported Moscow in the majority of 14 claims united in one business. Only to three claimants compensations have been awarded: 9432 euros material, 5400 euros moral damage and 2876 euros for legal costs. Other claimants, according to court, couldn't provide reliable proofs that have the right for compensation, or haven't specified her desirable size (by rules of court, it means refusal in payment). Business concerned the state bonds issued by the Soviet government in 1982. Papers had the face value of 25, 50 and 100 rubles, a coupon rate in three annual interest rates and circulation period of 20 years, that is had to be repaid in 2002. Because of the collapse of the USSR in 1991 the new Russian authorities have adopted several laws under which holders of bonds could exchange them for new, already Russian papers or for stocks of Sberbank. However these laws haven't come into force. In this regard claimants still couldn't achieve from the state of redemption of the bonds or any compensation. Materials on teme00:02 — on January 16 Imperial scope: from Russia imperial dolgifrantsuza have demanded want to return 53 billion евроЕСПЧ has decided that the situation is ambiguous. On the one hand, in the 1990s Russia because of transition to market economy, crisis of 1998 and some other reasons was in financial hardship. In these conditions the interests of society need to be put above "requirements of purely monetary character" of certain citizens. On the other hand, the state has to fulfill the obligations following from the adopted laws, and such laws allowed holders of the Soviet bonds to exchange them for new papers. As a result the court has considered the second circumstance more important, than the first, and has decided that claimants have the right for compensation per se. But the validity of requirements of some of them nevertheless has raised doubts at judges. So, the claimant Svetlana Alekseeva claimed that she has bought in 1982 bonds for 198 thousand rubles. But at the level of average monthly salaries of 130 rubles for this purpose she would need to save about 60 years, I have specified court. Claimants Yahya Galayev and Nikolay Gusev have specified that they have bought bonds for 1,5 million rubles which are allegedly earned by business and inherited, but haven't managed to provide any proofs of it. Concerning some claimants of ECHR I have decided that the fact of recognition of violation of their rights is sufficient compensation and they shouldn't count on monetary payments. Such position suits Moscow, the Ministry of Justice has noted. Therefore department won't challenge the decision. It means that the state will pay to compensation to three applicants to whom it was appointed by court. It is more than important news in Film of Day Telegram-channel. Podpisyva

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