The French are still waiting for payments from Russia on the royal debts
“Exactly 100 years ago, in January 1918, Lenin signed a decree refusing to pay the royal debts. Thus, the enormous sums aimed at modernizing the Russian economy in the second half of the nineteenth century were never paid, ”the article cites. InoTV.
As a result, "hundreds of thousands of bondholders were ravaged." One hundred years later, their descendants, who inherited bills of exchange, demanded a refund of their ancestors' investments.
In 1867, Russian railway companies began issuing government bonds backed by gold. "Over the next 30 years, French investors will invest a total of 15 billion francs in this project, which is equivalent to € 53 billion in today's currency," the material says.
According to RFI, today "about 400 thousand people are fighting for payments on imperial bonds in the framework of the International Federative Association of Russian Loan Holders".
However, for the payment of money "there is no hope after the agreement concluded in 1997 in France, according to which Russia paid more than € 330 million in repayment of public debt," the publication states.
Thus, one of the “greatest financial scandals in stories continues to attract attention, ”concludes RFI.
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