Agreement on the principles and mechanism of domestic debt service of the former USSR
of March 13, 1992
Governments of the State Parties of this agreement,
recognizing need of succession according to obligations of the former USSR to citizens,
proceeding from need of financial provision of actions for improvement of economy and to transition to the market,
carrying out the approved financial and credit and social policy,
AGREED AS FOLLOWS:
For the purposes of this agreement compensation amounts on fees of citizens according to long-term agreements of insurance, and also other debt to the State Bank of the USSR, the Gosstrakh of the USSR and Savings Bank of the USSR on the means used for financing of expenses of the allied budget belong to the public internal debt debt of the government of the former USSR to the population on remaining balance of deposits in savings banks, on the issued and outstanding state loans of release of 1982 and 1990, including the added compensation, the income and percent on them.
The parties assume obligations on repayment of public debt of the former USSR to the population in the amounts in proportion to remaining balance of the debt which is registered for January 1, 1991 on balances of Sberbank branches of the USSR in the territory of each of the Parties.
Distribution between the Parties of other part of debt to the State Bank of the USSR, the Gosstrakh of the USSR and on other components of internal debt is performed on the integrated indicator, proceeding from respective shares of each Party in the made national income and the used amount of centralized capital investments from the allied budget in the territory of each of the Parties on average for 1986-1991.
All expenses on servicing of the public internal debt of the former USSR for the period, since January 1, 1992, are made by the Parties at the expense of their government budgets.
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