Alliance of the Independent Social Democrats

After hours of heated debate, the Republika Srpska National Assembly passed a law on Tuesday declaring that the disputed Day of Republika Srpska will continue to be held on January 9 - the day on which the entity was founded in 1992 - but that it will be a secular event.

Observing the holiday will also not be mandatory for non-Serbs living in the entity.

Bosnian Serb parties are feuding over 35 million euros that Russia has offered to Republika Srpska, to clear its share of the foreign debt that Bosnia owed the old USSR.

The total debt Bosnia owes the Soviet Union is about 125.2 million US dollars [around 110 million euros].