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. Last Updated: 07/27/2016

Bank Won't Pay Debts




MOSCOW -- The Central Bank does not plan to assist the Finance Ministry to pay foreign debts in December, Central Bank Chairman Viktor Gerashchenko said Tuesday in remarks reported by Prime-Tass.


Gerashchenko claimed that Finance Minister Mikhail Kasyanov had said the ministry has sufficient resources to pay all its foreign debt obligations in December, Prime-Tass reported.


In addition, Interfax quoted a ministry source as saying Russia had paid in full its debt to the International Monetary Fund in November. The payments were estimated to be $450 million to $470 million.