January 11, 2005 |
|Russia may make the early repayment of roughly $10 billion of its foreign debt in 2005, with $6 billion of that going to Germany if so, Finance Minister Alexei Kudrin said in an interview posted on the Russian government's official website. |
"Talks on this matter are underway in the Paris Club framework," Kudrin said. "If we are successful with early foreign debt repayment, we will save millions of dollars just on interest payments," he said.
This is provided for in stabilization fund law and can only happen if the fund contains more than 500 billion rubles, Kudrin said, and it already does.