Russia reduces foreign debt by $19 billion in 2001 - leatherbiz: Leadi Leatherbiz

News

Russia reduces foreign debt by $19 billion in 2001

26/02/2002

Russian prime minister Mikhail Kasyanov has said the country’s foreign debt is now "within safe limits". The statement was made after figures released by the finance ministry revealed that foreign debt fell by more than $19 billion in 2001.

As of January 1, 2002, Russia's internal debt stood at 531.1 billion roubles ($17.3 billion) while the foreign debt was $138.1 billion - down from $157.4 billion a year earlier. Kasyanov said that the state previously had to spend some 30% of its gross domestic product to service the foreign debt, a figure now reduced to 20%.



Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.