Russian firms face net foreign debt repayment of $28.9 bln in Q3-Q4

Credit: REUTERS/MAXIM SHEMETOV

Russian companies will have to carry out net foreign debt repayments of $9.2 billion in the third quarter and $19.7 billion in the fourth quarter, the Russian central bank said on Friday.

MOSCOW, July 17 (Reuters) - Russian companies will have to carry out net foreign debt repayments of $9.2 billion in the third quarter and $19.7 billion in the fourth quarter, the Russian central bank said on Friday.

Foreign debt is in focus as repayments of such liabilities may spur demand for foreign currency and hit the rouble. Russia's foreign debt shrank to its lowest level since 2009 in the first quarter of this year, but stood at $477.2 billion as of July 1.

(Reporting by Elena Fabrichnaya; Writing by Alexander Marrow Editing by Katya Golubkova)

((alexander.marrow@thomsonreuters.com; +7 495 775 1242;))

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