Russia prepares a proposal about advanced repayment of $11-12 billion to Paris Club, has informed and anonymous source in the Ministry of finance.
"In fact, it is the amount of the former USSR debt before Paris club, which Russia can repay ahead of schedule. $9 billion we cannot repay, as Germany has issued securities, bound to maturity date", said the source.
According to him, advanced repayment of the debt may increase Paris Club`s inpayments to International association of development and International Monetary Fund as a part of movement of writing down of the poorest countries? debt. Appropriate initiative was started by Great Britain in 2005, and it will be supported by Russia as a part of its chairmanship in G8.
Earlier, Deputy Minister of Finance Sergei Storchak said that Russia was ready to make advanced repayment of $ 12 billion to Paris Club. "As soon as decision is made, the Ministry of finance will realize it", said Deputy Minister.
According to the Ministry of Finance data, as for October 1, 2005 Russian external debt constituted $86,6 billion, $29,8 billion being the share of Paris Club creditors.
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