TALK ABOUT IDLE THREATS:

Iraq, With U.S. Support, Voids a Russian Oil Contract (ANDREW E. KRAMER, 11/04/07, NY Times)

Guided by American legal advisers, the Iraqi government has canceled a controversial development contract with the Russian company Lukoil for a vast oil field in Iraq’s southern desert, freeing it up for potential international investment in the future.

In response, Russian authorities have threatened to revoke a 2004 deal under the Paris Club of creditor nations to forgive $13 billion in Iraqi debt, a senior Iraqi official said.

Do they really think we can't help them get out of odious debts too?

Posted by Orrin Judd at November 4, 2007 6:58 AM