26 Jan 2011 15:06

Russia to pay off $22 bln of foreign debt in Q1 - CBR

MOSCOW. Jan 26 (Interfax) - Russia is expected to pay off roughly $22.0 billion of its foreign debts in foreign and national currency in the first quarter of this year, which is less than half what the country paid back in Q4 last year ($47.3 billion).

The Central Bank of Russia has posted the schedule of upcoming debt payments on its website.

Q1 interest payments total $5.1 billion, and payment on debt principle $16.9 billion.

As of October 1, Russia's debt to non-residents on demand terms totaled $32.6 billion, no payment schedule for $23.2 billion in debt had been determined, and there was no schedule for debts totaling $16.0 billion (this category of debt includes overdue debt, preferred shares held by non-residents, and other unscheduled debt).

Peak Q1 debt payments fall in March - $10.4 billion.

Payments rise substantially in Q2 - to around $30.5 billion, including $13.9 billion in June.

Q3 payments are tentatively estimated at $26.0 billion.

Russia was carrying an estimated $475.6 billion in foreign debts as of October 1, 2010.