August 1, 1995 in Nation/World

Hungary Deals For Military Supplies

Compiled From Wire Services

Cash-strapped Hungary has agreed to accept military equipment and parts from Russia in lieu of millions of dollars in debts.

“Some $132 million worth of equipment will be delivered this year,” Peter Haber of the Hungarian Defense Ministry told the official news agency MTI on Monday.

Hungary cannot afford to buy new weapons and needs parts for its Cold War stock of Soviet-made armaments, many of which are becoming outdated.

Since the Soviet Red Army left Hungary in 1991, the two sides have been negotiating over payment for things including compensation for environmental damage and unpaid water bills.

Thoughts and opinions on this story? Click here to comment >>

Get stories like this in a free daily email