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    RUSSIA'S FOREIGN DEBT INCREASED LAST YEAR

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    MOSCOW, April 1, 2004. (RIA Novosti) -- Russia's foreign debt due to be paid off (in accordance with the special standard of the International Monetary Fund - IMF) as of January 1, 2004 amounted to $182 billion as against $153.2 billion as of January 1, 2003, i.e., increased by 18.8% during last year.

    This is said in the report published on the Bank of Russia's official site.

    In Russia's aggregate external debt the sum of the short-term liabilities increased by 39.2% during 2003 to reach $37.3 billion, and of the long-term ones - by 14.4% to $144.7 billion.

    The debt of the state administration bodies augmented by 1.3% to $99 billion, of the credit-monetary regulation bodies - by 4% to $7.8 billion (the debt of the credit-monetary regulation bodies includes the debt of the Bank of Russia and of the state administration bodies as far as the IMF credits are concerned). The debt on the IMF credits, which forms part of the credit-monetary regulation bodies' debt, was reduced by 21.5% to $5.1 billion.

    The banks (without participation in capital and without the liabilities to direct investors) boosted their external debt by 75.2% to reach $24.7 billion. This sum includes the liabilities of the credit organizations, including Vneshekonombank. The external debt, taken into account by Vneshekonombank as an agent of the government of Russia, finds reflection in the state administration bodies' liabilities.

    The debt of the non-financial enterprises (without participation in capital and without the liabilities to direct investors) increased by 53.2% to $42.6 billion last year. The banks and non-financial enterprises augmented their liabilities to direct investors by 27.9% to $7.8 billion.

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