Russian foreign debt payments 42% lower in Q2 than in Q1 - CBR
MOSCOW. April 24 (Interfax) - Russia's payments on its foreign debts in the ruble and other currencies in the second quarter of this year are expected to be around $34.9 billion, or 42% less than the $60.1 billion of the preceding quarter, according to the payment schedule posted on the Central Bank of Russia (CBR) website.
Q2 debt principle payments are estimated at $28.3 billion and debt interest payments at $6.5 billion.
According to the schedule, the maximum payments to be made during the quarter fall in June - $14.5 billion. April payments are estimated at $9.5 billion and May payments at $10.9 billion.
Furthermore, as of the first of this year Russia's debts to non-residents prior to demand amounted to $39.9 billion, a debt payment schedule for $27.2 billion had not been determined, and there was no schedule for debts of $16.9 billion (this category of foreign debt includes past-due debt, preferred shares in the hands of non-residents and another schedule for debt repayment not established).
Russia's total foreign debt stood at $631.8 billion on January 1, 2013. By April 1, according to CBR estimates, it was up to $684.4 billion.