01:58
22/01/2008
make as home page  add to favourites
Russian news & information agency "RIA Novosti"
Rambler's Top100

Russia's foreign debt down 31.3% in Q3 - finance ministry

18:33 | 31/ 10/ 2006

MOSCOW, October 31 (RIA Novosti) - Russia's foreign debt declined 31.3% in July-September 2006, reaching $50.1 bln as of October 1, the Finance Ministry said Tuesday.

Russia repaid the bulk of its outstanding debt to the Paris Club of Creditor Nations on August 18-21. This debt totaled $1.9 bln as of October 1, compared to $23.7 bln on July 1.

Alexander Zhukov, a deputy prime minister, said on October 24: "During the next three years, foreign debt will gradually be reduced to $40 billion, which is a very good indicator, compared with other countries."

Russia's debt to international financial organizations was reduced from $5.5 bln to $5.4 bln in July-September, and its Eurobond debt declined $0.3 bln to $30.9 bln.

Debt to former Eastern-bloc countries ($2 bln), trade debt ($1.1 bln), and sovereign bond debt ($5.7 bln) remained unchanged in the period.

Russia is paying off its foreign debt mainly from the Stabilization Fund, which was set up to accrue windfall profits from high world oil prices.


other articles
15:10 20/10/2006 Russian state resumes intervention in the economy
15:00 23/10/2006 Russia's GDP growth hits 6.6% in 9M06 - economy minister Gref
10:42 16/10/2006 Foreign investors trust stability of Russia's economy - PM
REDTRAM.COM
Loading ...
  topics
British Council row
2007 Review
Time magazine declares Putin "Person of the Year"
Putin backs Medvedev as successor
Parliamentary elections in Russia
Sukhoi SuperJet 100
other topics




  more


  Рейтинг@Mail.ru   Rambler's Top100