RUSSIA'S STATE DEBT DECREASED BY 5.3% OVER 1ST QUARTER OF 2005

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MOSCOW, May 30 (RIA Novosti) - Russia's state foreign debt decreased by 5.3% over the January-March period of this year - from $114.4 billion to $108.3 billion, the Finance Ministry said.

The data show that as of April 1, 2005, Russia's state foreign debt amounted to $108.3 billion, i.e., it was reduced by $6.1 billion compared to the respective indicator as of January 1, 2005.

Over the first quarter of this year, Russia's debt to members and non-members of the Paris Club decreased from $47.5 billion to $46.2 billion, and from $6.4 billion to $6.2 billion, respectively.

Russia's commercial debts remained at the previous level, i.e., $2.5 billion.

There was a substantial reduction in Russia's debt to international organizations, which amounted to $9.7 billion as of January 1, 2005, and decreased to $6 billion by April 1. In particular, the Russian Federation's debt to the International Monetary Fund (IMF), which equaled $3.6 billion as of January 1, 2005, was completely repaid.

Russia's debt on Eurobond loans decreased from $35.3 billion to $34.5 billion over the above-mentioned period.

At the same time, Russia's indebtedness on bonds of the external state currency loan did not change staying at the previous level of $7.1 billion. The country's debts on Vneshekonombank's credits granted at the expense of the Central Bank's funds also remain at the previous level ($5.5 billion), as well as the Russia's guarantees in foreign currency ($0.4 billion).

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