Russia's foreign debt increased in 2006 due to greater borrowing by the private sector, while government liabilities declined in the reporting period, the CBR said.
Russia's foreign debt stood at $257.2 billion as of January 1, 2006, and rose to $309.7 billion as of January 1, 2007, with short-term liabilities growing from $43.5 billion to $55.7 billion and long-term obligations increasing from $213.7 billion to $254.1 billion, the CBR said.
The Russian government's foreign debt declined from $71.1 billion to $45.1 billion and its outstanding debt from $6.5 billion to $2.8 billion in the reporting period, the CBR said.
The foreign debt of Russia's monetary authorities decreased from $11 billion to $3.9 billion in 2006, the CBR said.
At the same time, banks' foreign liabilities grew more than twofold, from $49.9 billion to $100.8 billion, while other sectors also increased their debt to foreign investors from $112.6 billion to $138.5 billion through direct borrowing and the issue of debt securities, the CBR said.
The debt liabilities of banks and companies to direct investors increased from $12.5 billion to $21.4 billion in the reporting period, the CBR said.
