Russia’s external debt down 10 percent to $36 bn

By IANS/RIA Novosti,

Moscow : The Russian government’s external debt declined by 10.4 percent in 2011 to $35.8 billion, the finance ministry said Thursday.

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In euro terms, Russia’s sovereign debt declined by 8.4 percent to 27.66 billion euros last year, the ministry said.

The Russian government’s debts on outstanding Eurobonds, the largest debt item, amounted to $29.183 billion as of January 1, 2012.

Liabilities to international financial institutions stood at $2.553 billion and debts to the Paris Club of Creditor Nations amounted to $549 million.