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general government and monetary authorities reduced their external debt by $1.1 billion. Overall, Rus- sia’s external debt was estimated at $519.4 bil-

down significantly eurobonds issued in 1996. Last year Russia’s debt due to both external and internal developments. to some member countries of the former

to 1.1. Russia considered as major sources of external financing loans from international financial FOREIGN DEBT organisations, especially the IMF and the IBRD (as

currency denominated debt obligations The Russian Government’s foreign currency debt obligations comprise internal and external loan bonds (OGVZ and OVGVZ) with a total balance

earlier. In gates. Before 2008, banks resorted to external absolute terms, the annual growth in the debt on borrowings as a source of additional financing

7.7% to $2.3 trillion and in payments to service the external debt of the Russian rouble/euro transactions by 36.4% to 0.

of liabilities arising from interrelated repos will also affect the volume of external debt of the monetary authorities. The volume of international reserves of the

payments Evaluation of shadow flows by services Practice of accounting of an external debt of non-bank corporations CATALOGUE 2 0 0 9 37 Eurasian Economic

other sources of funding (stock market, other financial intermediaries, insurance corporations and external borrowings), on the other hand. Financial accounts make it possible to track

However, as a result of the macroprudential measures taken to limit households’ debt burden the growth rate of non-performing loans is lower than during the