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External Debt of the Russian Federation in 1993-2003

billions of US dollars

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
Total 117.9 126.7 132.7 153.0 182.8 188.4 178.2 160.0 146.3 152.3 186.0
General Government 111.8 118.5 114.8 125.8 136.4 138.9 133.2 116.7 103.0 96.8 98.2
Federal Government 111.8 118.5 114.8 125.8 135.2 136.5 131.2 115.5 102.0 95.7 96.9
New Russian Debt 7.3 8.5 9.1 22.1 40.0 38.3 34.4 49.7 41.0 39.8 38.6
Multilateral creditors1 0.8 1.2 1.8 2.7 5.3 6.6 6.9 7.0 7.0 6.8 6.6
IBRD 0.4 0.7 1.5 2.5 5.1 6.3 6.7 6.8 6.7 6.6 6.3
Other 0.4 0.5 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3
Other credits (including Paris Club credits) 5.5 6.1 6.0 7.9 8.8 9.9 9.8 8.4 6.3 5.7 4.9
Foreign currency bonds 2.9 6.6 14.3 12.2 30.8 27.1 26.7 26.8
Eurobonds, issued by public subscription and Eurobonds related to GKO restructuring 1.0 4.5 12.3 11.1 9.4 8.5 8.5 7.7
Eurobonds related to London Club debt restructuring 20.5 17.4 16.3 16.8
MinFin Foreign Currency Bonds (Series VI, VII, and VIII 1999) 1.9 2.1 1.4 0.7 0.9 1.1 1.8 2.4
OGNZ 0.6 0.4 0.0
GKO-OFZs 7.2 17.8 5.8 3.6 1.6 0.6 0.5 0.1
Other 1.0 1.1 1.3 1.4 1.5 1.8 1.8 1.8 0.1 0.2 0.2
Debt of the former USSR 104.5 110.0 105.7 103.7 95.1 98.2 96.8 65.8 61.0 55.9 58.3
Paris Club 34.8 39.6 41.9 42.3 37.6 40.0 38.7 39.0 36.3 39.2 42.7
London Club 27.2 30.0 31.9 31.4 28.1 29.6 30.6
Debt owed to former socialist countries2 27.5 25.7 16.6 15.4 14.9 14.8 14.8 14.6 11.5 4.2 3.6
MinFin Foreign Currency Bonds (Series I — V) 0.4 0.9 1.9 2.4 3.3 2.6 1.9 1.3 1.7 2.2 1.4
VEB Bonds 1.8 1.8 1.1 0.1 0.1
Other 12.8 12.1 12.3 12.1 11.1 11.2 10.8 10.9 11.4 10.4 10.6
Local Government 0.0 1.2 2.4 2.0 1.2 1.0 1.1 1.3
Loans 0.0 0.4 1.0 0.9 0.6 0.8 1.0 1.0
Foreign currency bonds 0.9 1.4 1.1 0.6 0.2 0.1 0.1
Eurobonds 0.9 1.4 1.1 0.6 0.2 0.1 0.1
Ruble denominated bonds 0.0 0.2
Monetary Authorities3 3.9 4.7 10.3 12.9 13.5 19.5 15.7 11.9 8.1 7.5 7.8
Loans 2.5 4.2 9.6 12.5 13.2 19.3 15.6 11.7 7.9 7.3 7.5
Loans from the IMF 2.5 4.2 9.6 12.5 13.2 19.3 15.2 11.6 7.4 6.5 5.1
Other 0.4 0.1 0.5 0.8 2.4
Currency and deposits 0.7 0.0 0.4 0.1 0.1 0.1 0.0 0.2 0.2 0.2 0.3
Debt securities 0.3 0.3 0.3 0.3 0.1 0.1 0.1 0.0
Other 0.5 0.2 0.0 0.0 0.0
Banks4 1.3 2.3 4.7 8.7 18.2 10.0 7.7 9.0 11.3 14.2 24.9
Debt liabilities to direct investors and to direct investment enterprises 0.0 0.0 0.2 0.2 0.1 0.1 0.1
Loans 0.1 0.4 1.1 2.7 9.5 5.0 2.7 2.6 2.9 5.3 12.9
Deposits 0.5 1.1 2.4 4.0 7.4 3.7 3.5 4.2 5.5 6.0 9.6
Debt securities 0.0 0.2 0.6 0.4 0.2 0.8 1.5 1.8 1.2
Other 0.7 0.7 1.1 1.8 0.6 1.0 1.1 1.3 1.3 1.1 1.0
Other sectors 0.8 1.2 2.9 5.5 14.8 20.0 21.5 22.4 23.9 33.8 55.1
Debt liabilities to direct investors and to direct investment enterprises 0.5 0.7 1.2 1.9 2.9 3.0 3.8 4.8 5.6 6.0 9.3
Loans 0.3 0.6 1.6 3.4 11.2 15.3 15.7 15.5 16.1 24.8 40.5
Debt securities 0.0 0.1 0.2 0.4 0.4 0.6 0.8 1.6 4.0
Financial leases 0.1 0.5 1.3 1.5 1.5 1.3 1.3 1.3
Notes: Included is the indebtedness in domestic and foreign currencies.
Only non-resident holdings of government securities are reported. Data is presented at face value.
1 Loans from the IMF are recorded under the Monetary Authorities.
2 Reduction of liabilities to Poland (resulting from offset transactions) is reflected in 1995, whereas the corresponding balance of payments entries are included in 1997.
3 Debt of the Monetary Authorities covers liabilities of the Central Bank and the Government (with respect to the indebtedness of the latter resulting from transactions with the IMF).
4 Data include liabilities of credit institutions (including Vnesheconombank). Foreign debt, on which Vnesheconombank is an agent of the Government of the Russian Federation, is recorded under the government liabilities.
Conventions:
“—” phenomenon does not exist for a specific reference period

Updated March 12, 2008.

External Debt of the Russian Federation