Exploring Hydrocarbon Depletion
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If you need to ask, you can't afford it.Ferretlover wrote:And, the point of this thread would be ... ?
radon wrote:Russia has paid the entire USSR debt.prajeshbhat wrote:Russia did pay back some of is debt after the collapse of USSR.
The debt had been evaluated at tens of billions of dollars by the beginning of the 2000s, but it was successfully restructured. The swap in the amount of $31.7 billion to Eurobonds became a landmark financial event, Money Times wrote.
After the 1998 financial crisis, Russia ran into difficulties with its debt service and in 2000 agreed a second restructuring with the London Club, under which PRINs and IANs were swapped for Russia's sovereign Eurobonds worth $31.7 billion with maturities in 2010 and 2030.
Overall, the Finance Ministry has made four debt swap offers, which have been accepted by 99.9% of creditors, RIA Novosti said.
In August of 2009, the Russian government supported the Finance Ministry’s Initiative to finally solve the debt issue with the London Club. It also became clear that the Russian Federation would enter the market of foreign loans again.
vision-master wrote:So what's Ron Paul plan on doing?
Paul would also make far-reaching changes to federal tax policy, reducing the top corporate income tax rate to 15 percent, eliminating capital gains and dividends taxes and allowing for repatriation of overseas capital without tax penalties. All tax cuts enacted under former President George W. Bush would be extended.
The oil-rich country hasn't issued an international bond for the last decade, largely because it hasn't needed to. Russia has accumulated the world's third-largest foreign currency reserves (totaling about $450 billion today) thanks to rich deposits of crude oil.
But its avoidance of the debt market is about to change. Later this year, at a date not yet specified by Moscow, Russia will launch its first international bond in a decade, as it seeks to pay down what has also amounted to its first budget deficit in 10 years--$16.6 billion.
prajeshbhat wrote:http://www.forbes.com/2010/02/19/russia-eurobond-auction-markets-bonds-deficit-putin.htmlNow that the same government has been in power for well over a decade, they know they can play with public money all over again.The oil-rich country hasn't issued an international bond for the last decade, largely because it hasn't needed to. Russia has accumulated the world's third-largest foreign currency reserves (totaling about $450 billion today) thanks to rich deposits of crude oil. ...
Keith_McClary wrote:If you need to ask, you can't afford it.Ferretlover wrote:And, the point of this thread would be ... ?
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