Russia paying up on its IMF debt

Dec. 24, 2004 at 10:56 AM

MOSCOW, Dec. 24 (UPI) -- The Russian Finance Ministry plans to pay $29.89 million to the International Monetary Fund Monday, part of its principal debt, Prime-Tass said Friday.

The final payment to the IMF for the year is scheduled two days later.

For 2004 as a whole, the Finance Ministry is due to pay off $1.7 billion. Russia's total debt to the IMF amounts to $3.5 billion.

Russia's total foreign debt repayment in 2004 totals $16.1 billion.

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