Russia is boosting its foreign debt under the liability strategy which sees a gradual increase of the external debt to substitute the domestic one. The headquarters of the Russian Central Bank are seen in this photo.
Photo: Sergey Mikheev
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Russia’s Foreign Dept Up to $310 Bln in 2006
Russia’s foreign debt amounted to $309.7 billion in 2006, up 20.4 percent, the Bank of Russia reported Monday, the RBC news agency reported.
The debt of state agencies fell 36.5 percent, to $45.1 billion. Foreign debts of Russian banks doubled to $100.8 billion. Borrowings of nonfinancial organizations (not counting liabilities to direct investors) grew 23 percent, to $138.5 billion.
The aggregate state domestic debt went up 20.82 percent in 2008, to some 1 trillion rubles at the start of the year.
Russia’s 2007 federal budget sets the limit to the domestic debt to 1 trillion 363 billion rubles at the start o 2008. The limit for the foreign debt is $46.7 billion.
Russia is boosting its foreign debt under the state liability strategy which sees a gradual increase of the external debt to substitute the domestic one.
www.kommersant.com
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