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Russia's sovereign debt down 3.6% to $39.1 bln in 1H09

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The Russian government's foreign debt, including liabilities of the former Soviet Union, fell by 3.6% in the first half of 2009 to $39.1 billion, the Finance Ministry said

MOSCOW, July 22 (RIA Novosti) - The Russian government's foreign debt, including liabilities of the former Soviet Union, fell by 3.6% in the first half of 2009 to $39.1 billion, the Finance Ministry said on Wednesday.

In terms of euros, the Russian government's debt declined by 3.1% to 27.9 billion euros in the reporting period, the ministry said.

Non-restructured debts to official creditors that are parties to the Paris Club of creditor nations declined $209 million to $1.191 billion in the reporting period, the ministry said.

Debts to official creditors outside the Paris Club ($1.9 billion) and also former Soviet debts to foreign commercial creditors ($1.2 billion) were unchanged in January-June 2009, the ministry said. Debts to former Communist bloc countries fell by $61 million to $1.339 billion.

The Russian government's liabilities to international financial institutions shrank by $465 million to $4.136 billion, and the amount of Russia's outstanding Eurobonds declined from $27.7 billion as of January 1 to $26.992 billion as of July 1, the ministry said.

Outstanding government domestic foreign currency-denominated bonds (OVGVZ) declined from $1.8 billion to $1.75 billion and Russia's foreign currency denominated government guarantees were unchanged at $0.6 billion in the reporting period, the ministry said.

 

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