Russia repays $14bn in 2002

The total volume of Russia's foreign debt repayment amounted to $14bn in 2002, including $6.8bn in the debt itself and $7.5bn in the interest on it, the Government Information Department reported. Additionally, settling of the Russian debt to a number of foreign countries on conditions, favorable for Russia, was provided for in 2002, the report says.

A financial reserve has been created for peak payments for the Russian foreign debt in 2003. As of the end of 2003, its volume is to reach RUR197.4bn (about $6.21bn).

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