External Debt of the Russian Federation

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

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

0.3

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

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 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

0.1

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

14.6

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

1.1

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

Foreign currency bonds

—

0.9

1.4

1.1

0.6

0.2

0.1

Eurobonds

—

0.9

1.4

1.1

0.6

0.2

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

0.0

0.2

0.3

Debt securities

0.3

0.1

0.0

—

Other

0.5

0.2

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

0.2

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

1.1

1.8

0.6

1.0

1.1

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

0.6

0.8

1.6

4.0

Financial leases

—

0.1

0.5

1.3

1.5

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.