Russian foreign debt repayments in Q1 to be 40% lower than in Q4
MOSCOW. Jan 26 (Interfax) - Scheduled Russian external debt repayments in national and foreign currencies are $26 billion in Q1 2016, 39.5% less than the $43 billion repaid in Q4 2015, according to a schedule for the settlement of external debt as of October 1, 2015, posted on the Central Bank's website.
The Q1 repayments are estimated at $21.2 billion principal debt and $4.8 billion interest.
Russia is due to pay the most back, $12.5 billion, in March. Repayments are estimated at $5.3 billion in January and $8.2 billion in February. For comparison, the amount paid in December was estimated at $23.8 billion.
In Q2 2016, repayments are expected to be $27.1 billion, which is 3.9% more than in Q1, after which in they could fall to $21.3 billion in Q3 and grow to $24.9 billion in Q4.
Additionally, as of October 1, 2015, an immediate $16.7 billion was payable to non-residents, a schedule was not available for the repayment of $29.3 billion and debt without schedule, including arrears, preferred shares owned by nonresidents and other indebtedness without schedule, totaled $27.9 billion.
Total external debt was $538.2 billion as of October 1. This had fallen to $515.3 billion by January 1, 2016.
