The Russian Ministry of Finance has published Letter No. 03-03-06/1/58668 of 12 September 2017, which clarifies the treatment of a debt under a loan agreement that has been forgiven by a non-resident lender. The letter clarifies that as per Article 415 of the Russian Civil Code, a debt obligation may be terminated by the creditor's absolving the debtor from the obligation, provided that this does not violate the rights of the other persons with respect to the creditor's property. In such case…