Russia's foreign debt decreases

08:34, October 21, 2009      

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The foreign debt of Russia totaled 38.07 billion U.S. dollars as of Oct. 1, down 6.2 percent compared to early this year, the Finance Ministry said Tuesday.

Statistics released by the ministry showed that currently Russia owed 1.108 billion dollars and 1.859 billion dollars respectively to member and non-member states of the Paris Club. It also owed 1.336 billion dollars to the former Council for Mutual Economic Assistance.

In addition, the commercial debt left from the Soviet-era amounted to 1.214 billion dollars. Debt to international institutions reached 3.929 billion dollars.

Russia has issued Eurobonds and national foreign exchange bonds valued 26.24 billion and 1.779 billion dollars respectively.

Russia's foreign debt of Russia also included a foreign exchange guarantee of 604 million dollars.

Previous data released by the Russian Central Bank showed that the international reserves of Russia totaled 413.448 billion dollars as of Oct. 1, down 3.2 percent, or 13.632 billion dollars from 427.08 billion dollars as of Jan. 1 this year.

International reserves usually comprise of gold, foreign exchange and other assets, including special drawing rights of the International Monetary Fund.

Source:Xinhua
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