Russia pays $63m in debts to IMF
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RBC, 19.11.2004, Moscow 10:54:13.The Russian Finance Ministry has paid $63.2m in debts to the International Monetary Fund today, the Finance Ministry reported to RBC.
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The Russian Government is going ahead with the sale of a large part of oil giant Yukos in order to recover an $18 billion tax debt.
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Argentine President Nestor Kirchner received confirmation Friday by the International Monetary Fund (IMF) for a postponement of the payment of 1 billion US dollars in foreign debt owed by Argentina.
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Russia&#39;s Tax Ministry says the country&#39;s giant oil firm Yukos owes more than $4 billion dollars in back taxes for the year 2001.
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Russiaâs Federal Tax Service has presented the countryâs second largest mobile operator VimpelCom with tax claims for 2001. The total amount of claims including fines and penalties is 4.4 billion rubles ($157 million).
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The International Monetary Fund expressed concern Tuesday about the impact of the troubles besetting oil major Yukos on Russia&#39;s standing as a place to invest.
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The International Monetary Fund (IMF) has approved 126.3 million US dollars in balance of payment support to Zambia, the Ministry of Finance and National Planning said here Friday.
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Russia is trying to collect back taxes from wireless telecommunications company Vimpel.
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The Moscow Arbitration Court ruled on Monday that the YUKOS oil company must pay RUR 39.113bn (about $1.34bn) as part of its back tax claim for 2001.
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Iraq cleared around &#36;81 million in debt it owed the International Monetary Fund late last week, fund sources said on Monday, opening the way for the first aid to flow from the global lender to Iraq.
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Russia pledged on Tuesday to write off  an additional $500 million of African debt, just days before a  Group of Eight summit where Germany will push rich nations to  deliver on promises to help Africa.
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MOSCOW  - The Moscow Arbitration Court ruled Monday that the embattled oil giant Yukos must pay some &#36;1.4 billion US in fines and penalties as part of a &#36;4.1 billion back-tax claim for 2001, the Interfax news agency reported.
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President Vladimir Putin told the director general of the International Monetary Fund, Rodrigo Rato, on Thursday that Moscow was ready to pay off its debts early because the budget was benefiting from soaring prices for Russia&#39;s energy exports.
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President Vladimir Putin told the chief of the International Monetary Fund on Thursday that Russia may pay off portions of its international debt earlier than initially planned. The IMF head, meanwhile, urged Putin to push ahead with reforms and rein in inflation while Russia's economy enjoys an oil-fueled economic boom.
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The deficit jumped by 9.3 percent, to $63.1 billion, the government said, reflecting record oil imports. The deficit with China declined while the weak dollar lifted exports to a record high.
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MOSCOW  - The Standard and Poor's Ratings Group increased Russia's sovereign debt rating to investment grade Monday, a long-awaited move driven by Russia's oil-fuelled budget surplus and soaring hard currency reserves.
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International Monetary Fund said on Wednesday, September 29, that it raised its outlook for Russiaâs economy, forecasting 6.6 percent GDP growth in 2005.