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Russia's government foreign debt down 8.7% to $41 billion in 1H08

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MOSCOW, July 21 (RIA Novosti) - Russia's government foreign debt stood at $41 billion as of July 1, 2008, down 8.7% against $44.9 billion on January 1, 2008, the Finance Ministry said on Monday.

As of July 1, debt to the Paris Club of Creditor Nations stood at $1.5 billion, debt to countries outside the Paris Club equaled $2.0 billion, and liabilities to former communist bloc countries amounted to $1.5 billion.

As of the reporting date, former Soviet debt to commercial lenders stood at $0.7 billion and liabilities to international financial institutions amounted to $4.7 billion.

Russia's Eurobonds as of July 1 were estimated at $28.2 billion, and government domestic foreign currency-denominated bonds (OVGVZ) at $1.8 billion, the Finance Ministry said.

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