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Capital by Private Sector ................................................................................................................ 17 1.4 External Debt of the Russian Federation* ............................................................................................................................ 18 1.5 External Debt of the Russian Federation in Domestic and

exchange rate volatility: Russian organisations’ operations to settle external volatility indicators remained close to the levels debt through the end of 2015 will not exert

the purchase of foreign cash by five years. households and corporates, and external debt repay- 1 Targeted longer-term refinancing operations – for refinancing of credit institutions.

Capital by Private Sector ................................................................................................................ 17 1.4 External Debt of the Russian Federation* ............................................................................................................................ 18 1.5 External Debt of the Russian Federation in Domestic and

on the back of reduction in the real sector’s debt burden, including its external debt, moderate production cost dynamics with regard to wages and

released. The issue publishes the balance of payments, international investment position and external debt of the Russian Federation in Q1 2015. The reference to the

Capital by Private Sector ................................................................................................................ 17 1.4 External Debt of the Russian Federation* ............................................................................................................................ 18 1.5 External Debt of the Russian Federation in Domestic and

with the largest external debts; the sample did not Investment Position. include the subsidiaries of non-resident companies). 3.2. Outlook for External Debt Financial Repayment

Capital by Private Sector ................................................................................................................ 17 1.4 External Debt of the Russian Federation* ............................................................................................................................ 18 1.5 External Debt of the Russian Federation in Domestic and

capital outflow is expected, caused by possible to repay external debt without any change reduced external debt payments and a decrease in in the foreign