The debt to Bosnia and Herzegovina in the amount of $125.2 million has been settled in accordance with the agreement between the Government of the Russian Federation and the Council of Ministers of Bosnia and Herzegovina," the Russian Finance Ministry said on Tuesday.

The remaining debt was the money the Soviet Union owed to Yugoslavia. The USSR's foreign debt was accumulated in various ways. Obligations to Western countries accrued in the debt market after 1983. The money owed to the former Yugoslavia was as a result of trade between the countries.

Why Russia pays off Soviet debt alone

Initially, it was assumed the USSR's foreign debt would be paid by all its republics. A document on this was to be signed in December 1991. The bulk of the debt was on Russia (61.34 percent). Ukraine was to repay 16.37 percent, and Belarus was to repay 4.13 percent.