The agreement was signed in Bishkek on September 20, 2012. It was drafted following agreements reached during a Russian delegation’s visit to Kyrgyzstan and was fixed in the protocol of Kyrgyzstani-Russian talks on Kyrgyzstan’s debts to Russia, signed on August 15, 2012.
The agreement provides for a revision of repayment and servicing conditions for two loans accorded to Kyrgyzstan by Russia, the total debt on which came to $488.9 million as at September 1, 2012.