[lbo-talk] Russian foreign debt falls $19 bln in 2000-2003 - Audit Chamber

Chris Doss lookoverhere1 at yahoo.com
Sun Jun 20 07:00:33 PDT 2004


Jun 18 2004 3:40PM

Russian foreign debt falls $19 bln in 2000-2003 - Audit Chamber

MOSCOW. June 18 (Interfax) - Russia's foreign debt fell to $120 billion from $139 billion between 2002 and 2003, the Audit Chamber said in a press release.

Despite the drop, the structure of the debt is not optimal from the point of view of debt management, Auditor Sergei Shokhin said in his Analysis of the Status of Russia's Sovereign Debt, presented at the Audit Chamber's Collegium.

Market instruments accounted for just 35.9% of the liabilities at the start of this year, and sovereign credits as much as 45%, the report said. <>

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