write off · government · billion (списать · правительство · млрд)

"The debt will be written off for Dagestan, Kalmykia, Mordovia, Khabarovsk Krai, Amur Oblast, Astrakhan Oblast, Vologda Oblast, Kirillov Oblast, Kostroma Oblast, Kursk Oblast, Murmansk Oblast, Penza Oblast, Pskov Oblast, Ryazan Oblast, Sverdlovsk Oblast, the Jewish Autonomous Region and the Chukotka Autonomous Okrug," - it says in a government statement.

Consensus

The Russian government will write off two-thirds of the budget credit debt for 17 regions
Total amount of debt write-off is 16.7 billion rubles
The measure aims to reduce regional debt burden and support development projects

Coverage (2 sources)

Government wrote off two-thirds of debts for 17 Russian regions — Коммерсантъ
Russian Cabinet to Write Off Two-Thirds of Debt for 17 Regions Amounting to $1.67 Billion — Интерфакс

Key entities