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Russia reports lower foreign debt

      RBC, 13.03.2008, Moscow 19:29:38.Russia's foreign debt decreased 13.7 percent to $44.9bn as of January 1, 2008, compared to $52bn a year earlier, the Finance Ministry's press office reported today. Russia's Eurobond debt accounted for the largest part of its total foreign debt, reaching $28.6bn. Debt to member states of the Paris Club stood at $2.2bn, and the same amount was owed to other countries. Russia's commercial debt was $700m, while debt to international financial organizations reached $5bn.

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