Russia to reject Soviet debt

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MOSCOW (Reuter) - Russia said yesterday it would not pay back debts built up by the former Soviet Union until creditors had agreed a rescheduling deal. The deputy prime minister, Alexander Shokhin, told a news conference Russia was paying back loans offered to Moscow after the Soviet Union fell apart in December 1991, but would not repay former Soviet debt until the Paris Club of creditor states agreed to allow more time to pay.