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Russia's Debts Going Down, Down, Down
The foreign debt of the Russian Federation has fallen from $76.5 billion (ˆ64.4 billion) on January 1 of this year to $72.9 billion (ˆ58.1 billion) on July 1, according to material issued by the Finance Ministry. Debt to Paris Club countries was reduced by $900 million, to $24.3 billion, in the first half year. Russia's debt to countries not members of the Paris Club fell from $3.5 billion on January 1 to $2.9 billion on July 1.
The debt of the former Soviet Economic Mutual Aid countries was $2 billion on July 1, having fallen $100 million across the half year. The commercial debt of the Russian Federation remained unchanged all year at $1.1 billion. Debt to international financial organizations was reduced by $200 million to $5.5 billion. The Russian debt expressed in Eurobonds fell by $300 million to $31.2 billion on July 1.
www.kommersant.com
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Photo: Dmitry Chebotaev
