The governments of Russia and Georgia have signed an agreement on restructuring Georgian debts to Russia, the Russian Finance Ministry press service informed Interfax on Monday. The deal covers overdue debts and payments not settled in the framework of the Paris Club as well as payments due between June 1, 2004 and December 31, 2006. This means a significant part of payments due under the January 17, 1997 agreement will be restructured. The sum total of consolidated debts is $94.43 million. The consolidated debts will be paid in two stages: 50% of overdue debts will be paid between December 2004 and December 2006 and the rest of the overdue debts together with sums due between June 1, 2004 and December 31, 2006 over a period of 23 period including a six year period of grace. (Interfax)