15 June 2004 22:04
Russia to pay $17.5 bln on foreign debt in 2005
Principal foreign debt payments will increase by $2.2 billion in
2005 to $11.2 billion due to an increase to $1.7 billion from $700
million on a Finance Ministry loan from the Central Bank of Russia,
MOSCOW. June 15 (Interfax) - Russia will pay $17.4 billion on foreign debt payments in 2005, up from $16.1 billion in
2004, the Finance Ministry says in materials submitted to the government with 2005 budget parameters.
allocated by Vnesheconombank, and a significant increase in Eurobond redemption payments to $4.9 billion.
Principal debt payments to international financial organizations will total $2.2 billion in 2005, including $1.25
billion to the International Monetary Fund, and $900 million to the International Bank for Reconstruction and
Development (IBRD) and European Bank for Reconstruction and Development. Russia plans to pay $4.1 billion on debts to
foreign governments, including $3.2 billion on Soviet-era foreign debt.
Interest payments in 2005 are planned to drop by $900 million to $6.2 billion. The payments will drop due to a
reduction in foreign debt in 2004. [RU ASIA EUROPE EEU EMRG ECI MCE GVD BNK] me
[Interfax] |
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