Monday, August 21, 2006

Russia pays off Paris Club debt early

US foreign debt as a percentage of GDP is in the 40-50% range.

The Russian federal budget will save a total of more than $12 billion in interest payments in the period up to 2020, the Finance Ministry said in a press release after Russia repaid its debt in full to the Paris Club on Monday...

...The relationship of Russia's foreign debt against GDP will drop to 9% after the early repayment, the release says...

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