Government Foreign Debt Management

VEB.RF provides accounting, repayment and servicing of the entire foreign public debt of the Russian Federation, except for liabilities to international financial institutions.

The foreign public debt of the Russian Federation registered with VEB.RF comprises liabilities under foreign bond loans and intergovernmental agreements on the settlement of the debt of the Russian Federation and the former USSR to foreign creditor states.

In the capacity of an agent of the Government of the Russian Federation for the management of foreign public debt, VEB.RF ensures:

• keeping a record of the foreign public debt of the Russian Federation;
• conduct of banking operations for the servicing, repayment and reconciliation of the foreign public debt of the Russian Federation;
• conduct of banking operations for the transfer of liabilities under the foreign public debt of the Russian Federation (insofar as it concerns the outstanding balances of the foreign debt of the former USSR);
• preparation of proposals and participation in discussions regarding possible conditions and mechanisms for the settlement of the foreign public debt of the Russian Federation (insofar as it concerns the outstanding balances of the foreign debt of the former USSR);
• preparation of opinions on draft intergovernmental documents regarding the settlement of the foreign public debt of the Russian Federation;
• drawing up of interbank documents concerning the technical procedure for record keeping and payments under intergovernmental documents regarding the settlement of the foreign public debt of the Russian Federation;
• participation in the work of the Government of the Russian Federation on the settlement of the internal foreign currency debt of the former USSR.