Source Pravda.Ru

Russia reduces external debt by 40 bln dollars for 3 years

For the last three years Russia has reduced its foreign debt from 160 to 120 billion USD, Russian Prime Minister Mikhail Kasyanov said Thursday opening a regular government session.

"For the three years the situation around the country's external debt has drastically changed, and we link it to an auspicious foreign policy and financial discipline reached by the government," the premier stressed.

Mr Kasyanov also noted the government's successful actions in the cause of formation of the state's financial reserve. Although in the first quarter of the year the financial reserve shrank from 80 to 50 billion roubles, as of October 1, the reserve sum exceeded 95 billion roubles (~ 3 billion dollars).

"The financial reserve is at a proper level, that's why one may talk of a final stabilization of the financial situation in 2002 and of good prospects for 2003," Mikhail Kasyanov said in conclusion.

Comments
Russians lose faith in their future, get ready for worse
Without INF Treaty, USA can destroy Russian nuclear weapons easily
Malaysia complains of faulty Russian Sukhoi Su-30 fighter jets
Without INF Treaty, USA can destroy Russian nuclear weapons easily
USA plays to pretend a mighty dragon that can no longer breathe fire
USA plays to pretend a mighty dragon that can no longer breathe fire
Putin sees no drama if Russia misses Davos forum
Macron challenges Trump. French independence and croissants at stake
Putin's three days in Singapore mark Russia's major geopolitical changes since 2000
Putin's three days in Singapore mark Russia's major geopolitical changes since 2000
Moving inexorably towards war
Putin dislikes the idea of US army bases coming to Kuril Islands
Putin dislikes the idea of US army bases coming to Kuril Islands
Putin sees no drama if Russia misses Davos forum
How can Americans and Russians understand each other?
How can Americans and Russians understand each other?
How can Americans and Russians understand each other?
Brexit: The UK's misunderstanding of Democracy
Russian FM Lavrov warns of possible war between Russia and USA
Norwegians complain of demoralised NATO soldiers
The West still does not know what the Russian way of warfare is like