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Russian government's foreign debt fell 2.7% to $39.5 bln in Q1

12.05.2009

MOSCOW, May 12 (RIA Novosti) - The Russian government's foreign debt, including liabilities of the former Soviet Union, declined 2.7% in January-March 2009 to $39.5 billion, the Finance Ministry reported on Tuesday.

However, exchange rate differences mean that when calculated in euros, the government's foreign debt increased 3.8% to 29.9 billion euros, the ministry said.

Non-restructured debts to official creditors that are parties to the Paris Club of creditor nations declined $100 million to $1.3 billion in the reporting period, the ministry said.

Debts to official creditors outside the Paris Club ($1.9 billion), former Communist bloc countries ($1.4 billion) and also former Soviet debts to foreign commercial creditors ($1.2 billion) were unchanged in January-March 2009, the ministry said.

Also unchanged in the reporting period were outstanding government domestic foreign currency-denominated bonds (OVGVZ) at $1.8 billion and Russia's foreign currency denominated government guarantees at $0.6 billion.

The Russian government's liabilities to international financial institutions shrank by $300 million to $4.3 billion, and the amount of Russia's outstanding Eurobonds declined from $27.7 billion as of January 1 to $27 billion as of April 1, the ministry said.


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