Russian-Nepalese relations - bilateral diplomatic relations between the Russian Federation and the Federal Democratic Republic of Nepal .
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Content
History
USSR and Nepal
Diplomatic relations between Nepal and the USSR were established in the summer of 1956 . In April 1959, the countries signed several agreements, including on economic and technical free aid (assistance in the construction of hospitals, hydroelectric power stations, power lines, a sugar factory, a tobacco factory, and assistance in conducting survey work for the construction of a highway). In 1964 , the Soviet Union and Nepal signed an agreement on gratuitous assistance for the construction of a plant for the production of agricultural machinery.
Russian Federation and Nepal
After the collapse of the Soviet Union, the Russian Federation retained relations with Nepal as the successor of the USSR. Since then, numerous bilateral meetings have been held between the two sides. Since 1992, a large number of Nepalese students have gone to Russia to pursue higher education on a financial basis. In October 2005, at a meeting of the foreign ministers of the two countries, cooperation was discussed on a number of issues, including political, economic, military, educational and cultural ones. Both countries have embassies in the capitals. Russia has an embassy in Kathmandu , and Nepal has an embassy in Moscow .
Trade and economic cooperation
The trade turnover between the two countries in 2012 amounted to 5,180,000 US dollars ( import - 1.27, export - 3.9). The main imports from Nepal are leather raw materials, items of clothing made of cotton and wool, shoes, and crafts. Russia exports to Nepal non-ferrous metallurgy products, spare parts for light civil aircraft and helicopters, machinery, equipment, wood and pulp and paper products.
Nepali debt
The USSR, by agreement of April 13, 1978, granted Nepal a state loan in the amount of 1.07 million Soviet rubles. This debt remained outstanding for a long time, since according to the Russian version the Nepalese side demanded its full cancellation [1] . In 2015, a Russian-Nepalese agreement was concluded that Russia would provide Nepal with a 35% discount, and Kathmandu would pay off $ 1.2 million in debt to the Russian Federation [1] .