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Russia's foreign debt down $31.2bln to $453.5 bln in Q1

MOSCOW, April 7 (RIA Novosti) - Russia's foreign debt calculated in accordance with international methodology decreased $31.2 billion to $453.5 billion in the first quarter as the private sector reduced its foreign liabilities, the Central Bank said on Tuesday.

The foreign liabilities of the government decreased from $29.4 billion to $28.4 billion and the foreign debt of monetary authorities declined from $3.3 billion to $2.1 billion in the first quarter, the Central Bank said.

Banks cut their foreign liabilities to $147.5 billion from $166.1 billion, while non-financial companies reduced their foreign debt to $275.5 billion from $285.8 billion in January-March, the Central Bank said.

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