Russia loses its debts

Banks Finansy30-01-2008 Russia is losing its debts Many prominent economists at the time predicted the next Russia defaulted due to excessively overgrown debt of domestic corporations (particularly state-owned companies) to Western financial institutions. Active borrowing for abroad, even compared with the accumulation of debt by the Soviet Union. However, life put everything in its place - today we even Noga is not terrible. To date, total external debt of Russia at the beginning of 2008 amounted to about one-third of gross domestic product. This was announced today by Minister of Finance to build and First Deputy Prime Minister Alexei Kudrin. Yet two years ago, Russia was to be an amount equal to half of its GDP. We note that 96% of the debt falls on domestic corporations and banks. "Such a sharp reduction in debt to my surprise" - confessed Bigness . ru director of analytical department of the financial corporation "Opening" Khalil Shehmametev. Until recently, to borrow abroad to be effective, the analyst says. He said that low interest rates and the strengthening of the ruble made loans to foreign banks is particularly appealing. According to Anatoly Milyukova, Executive Vice President Association of Russian Banks, the "western money" until recently been a number of advantages.