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This includes the military debts as well as the agreements on the foreign and financial and economic relations. The Russian news agency Interfax points out that the law adopted will come into force after being signed by the president Putin and after it has been agreed on by the Dumas council in 26 may than the federal council in the 2nd of June. The agreement signed between Algiers and Moscow in 10 March of 2006, stipulates the conversion of 4, 7 billions dollars of debts into investments, plus a chain of agreements that allow the Russian companies to enter the Algerian market through partnership or privatisation. Amongst the most important strategic agreements the one that puts the Russian gas giant Gasprom and Sonatrach in a partnership, plus other projects of Russian companies in railways and industry sectors. The Russian agency Novosty said that the value of the Algerian debts towards Russia was suspended in February 2006, and Algeria didn’t pay many sums since 1988, and the debts services were also suspended from 2000, according to the declaration of the minister of finance Alexei Kordine. The two countries agreed from September 2005 on the treatment of debt dossier during the meeting of the presidents Bouteflika and Putin, where Russia committed itself to erase the Algerian debts, and Algeria would buy Russian equipments and products and the facilitation of Russian activities in Algeria. The federal government of Russia guarantees tax revenues that reach a billion dollars through all operations and this sum will support the federal and regional budgets. S. Hafid — El-Khabar | ||||||||||||||||||
Vladimir Putin signed a bill