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Foreign borrowers request Russia to restructure debt - Finance Minister

Логотип TASS TASS 06.06.2017 TASS

MOSCOW, June 6. /TASS/. A number of foreign borrowers requested the Russian Finance Ministry to postpone repayment of debts totaling 117 bln rubles ($6.6 bln), minister Anton Siluanov said on Tuesday in the State Duma.

"Certain foreign borrowers approached us with a proposal on restructuring and postponement of debt repayment to the Russian Federation, which reduced sources to fund the budget deficit. Reduction from these sources totaled 117 bln rubles ($6.6 bln)," the minister said.

The Russian Government earlier approved amendments to the federal budget for this year and for the planned period of 2018-2019.

According to amendments drafted by the Finance Ministry, Russian budget deficit will be reduced to 2.1% of GDP verses 3.2% earlier. Budget revenues are expected to grow to 14.6 trillion rubles ($828.1 bln) in 2017.

ITAR-TASS

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