14 June 2004 09:06
Russia to pay $17.4 bln on foreign debt in 2005
MOSCOW. June 14 (Interfax) - Russia will spend $17.4 billion to pay off and service its foreign debt in 2005, up from
this year's $16.1 billion, reads a Finance Ministry report submitted to the government.
In 2005, foreign debt payments will go up by $2.2 billion to $11.2 billion due to an increase in payments from $700
million to $1.7 billion on the Finance Ministry's credit issued by Vnesheconombank using the Russian Central
Bank's funds, as well as $4.9 billion worth of Eurobond payments.
Russia will pay $2.2 billion on its principal debt to international financial organizations in 2005. Payments to the
International Monetary Fund and the European Bank for Reconstruction and Development are projected at $1.25 billion and
$0.9 billion, respectively. A total of $4.1 billion will be paid on debts to foreign governments and another $3.2
billion on Soviet-era debts.
Russia is expected to spend $6.2 billion in 2005, $0.9 billion less than this year, to service its foreign debt due
to foreign debt's general decrease in 2004.
A total of $2.7 billion will be paid as interests on Russia's debt to foreign governments, $2.2 billion on
Soviet-era debt, $2.8 billion as interests on Eurobonds, and $0.1 billion on the Vnesheconombank credit in 2005.
Interest payments on MinFin bonds (OVVZ bonds) are expected to total $0.2 billion, and $0.4 billion will be paid as
interests on credits issued by international financial organizations. [RU EUROPE EEU EMRG ECI] tm
[Interfax] |
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