Third, the Russians will probably not agree to reschedulethedebt owed to the former USSR, improving the prospects of repayment to Moscow thanks to a Western taxpayer-subsidized debt-relief for Syria.
The bottom line is that the Soviet Union should reschedule its debt now, rather than have such a rescheduling artificially staved-off at the expense of Western taxpayers.
Russia also wants to gain debt forgiveness from Western governments, after reaching agreement earlier in the year to reschedule its private sector debt.
In addition to the ominous overtures being made by Germany to rogue nations from North Korea to Iraq that are itemized in the first Perspective published in the Casey Institute's "Watch on the Rhine" series, the Institute has learned that Germany is participating in -- if not leading -- a bid by the European Union to reschedule Syria's foreign debt.