Russia repaid the bulk of its outstanding debt to the Paris Club of Creditor Nations on August 18-21. This debt totaled $1.9 bln as of October 1, compared to $23.7 bln on July 1.
Alexander Zhukov, a deputy prime minister, said on October 24: "During the next three years, foreign debt will gradually be reduced to $40 billion, which is a very good indicator, compared with other countries."
Russia's debt to international financial organizations was reduced from $5.5 bln to $5.4 bln in July-September, and its Eurobond debt declined $0.3 bln to $30.9 bln.
Debt to former Eastern-bloc countries ($2 bln), trade debt ($1.1 bln), and sovereign bond debt ($5.7 bln) remained unchanged in the period.
Russia is paying off its foreign debt mainly from the Stabilization Fund, which was set up to accrue windfall profits from high world oil prices.
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The main event of the third day of the 11th meeting of the Valdai International Discussion Club in Sochi was the closing session with President Vladimir Putin. The atmosphere was calm and open, despite the current political tensions and the Russia-West confrontation. The Russian president said that it corresponded to the spirit of the Valdai Club.