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Foreign debt payments no threat to ruble stability at present — ministry

June 04, 2015, 18:26 UTC+3 MOSCOW
Repayments of foreign debt of Russian companies and banks may total $40 bln by 2015 year-end
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© ITAR-TASS/Stanislav Krasilnikov

MOSCOW, June 4. /TASS/. Russia’s foreign debt repayments do not threaten ruble stability at present, a representative of the Ministry of Economic Development told TASS on Thursday.

"The situation in the economy is developing on the whole in line with expectations. Foreign debt repayments also do not constitute a major threat for ruble stability. The peak of payments has passed and the repayment schedule will be softer further on," he added.

Repayments of foreign debt of Russian companies and banks may total $40 bln by 2015 year-end, Chairman of the Bank of Russia Elvira Nabiullina said earlier on Thursday. The economy may well accommodate such a debt repayment rate, she added.

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