Russia's government on Thursday approved a 3-year state borrowing programme for 2007-2009, which sees a larger share of domestic debt in Russia's portfolio.
"Even if it will not be possible to pay back early a significant share of external debt, for example, to the Paris Club of sovereign lenders, the amount of domestic debt will exceed the amount of external debt," said the document, which the Finance Ministry presented at a government session. The strategy document published on the government Web site www.government.ru said Russia plans to issue 897 billion roubles of rouble debt in 2007-2009.
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