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September 12: Russia So Flush, Could Pay Off ALL Debt – Foreign, Municipal, Regional, and Domestic – With Cash! ‘Net Debt’ Falls to Zero, -Ben Aris “If Russia suddenly needed to pay off all its debts immediately, it could do it just by dipping into the cash on account at the government deposits with the central bank and commercial banks,” writes Ivan Tkachev, the economics editor at RBC media.