The Russian Finance Ministry has totally paid off the $1.25 billion-worth external bonded debt issued in June 1998.
The Finance Ministry had paid off, in May 2003, the internal state currency bond of the fourth series, with a face value of $3.462 billion and in April the external bonded debt in Italian liras 400 million euros (750 billion liras) worth.
The 2003 payments on eurobonds conclude the series of the largest since 1991 payments for paying off Russia's principal debt with fixed coupon income in foreign currencies, the Finance Ministry reports.
Thus, Russia "has overcome the peak of payments for sinking its external debt in 2003, with a major part thereof being eurobonds and internal currency bond of the fourth series." Repayment of the debt in 2001-2003 has been carried out without borrowings from international markets and international financial organisations, the Finance Ministry stresses.
Altogether, Russia has paid $28.5 billion for its principal debt from January 2000 to June 2003.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
Not that long ago, American soldiers would train their skills to counter insurgent and partisan military organizations. These days, they are trained to show resistance to the regular army of a potential adversary
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America