| Table Name | Russian Federation |
| 1.0 Contact Information | |
| 1.1 Name | Mrs. Olga Surinova |
| 1.2 Designation (Job Title) | Head of Sector, Statistics Department |
| 1.3 Organization | Central Bank of the Russian Federation (Bank of Russia) |
| 1.4 Mailing Address | Moscow, 107016, Neglinnaya Street, 12 |
| 1.5 Country | Russian Federation (Russia) |
| 1.6 Email | soj@cbr.ru |
| 1.7 Telephone | +7 (495) 771 45 79 |
| 2.0 Concepts, Definitions and Scope | |
| 2.1 Statistical frameworks for the compilation of external debt data | 2013 External Debt Statistics Guide/6th Edition of Balance of Payments Manual (BPM6) |
| 2.2 Consistency with the external debt liabilities of the International Investment Position (IIP) | Yes |
| 2.3 Additional Information on Concepts, Definitions and Scope | (i) External debt time series (according to 2013 EDS Guide/BPM6) are available since 2003. They present data by institutional sectors, maturity and type of debt instrument. External debt data in breakdown by national and foreign currency are available since 2005. (ii)Several analytical presentations of external debt data are compiled by the Bank of Russia according to the requirements of the Government Finance Statistics Manual 2014 (GFSM 2014). |
| 3.0 Sector Classification/Coverage | |
| 3.1 Data coverage for General Government | Fully covered |
| 3.2 Data coverage for Central Bank | Fully covered until 2021Q4
The Bank of Russia has temporarily suspended the publication of the Central bank data, starting from the 1st quarter of 2022. Starting from 2022Q1 indicators on Deposit-Taking Corporations include data on the Central bank. |
| 3.3 Data coverage for Deposit-taking corporations, except the Central Bank | Fully covered
The Bank of Russia has temporarily suspended the publication of the Central bank data, starting from the 1st quarter of 2022. Starting from 2022Q1 indicators on Deposit-Taking Corporations include data on the Central bank. |
| 3.4 Data coverage for Other Sectors | Fully covered |
| 3.5 Data coverage for Other financial corporations | Fully covered |
| 3.6 Data coverage for Nonfinancial corporations | Fully covered |
| 3.7 Data coverage for Households and nonprofit institutions serving households (NPISHs) | Fully covered |
| 3.8 Data coverage for Direct Investment: Intercompany lending | Fully covered |
| 3.9 External debt statistics presented into Public and Publicly Guar. Private Sector and Private Sector Not Publicly Guar. Debt | No |
| 3.10 External debt include both foreign currency and domestic currency denominated debt instruments held by nonresidents | Yes |
| 3.11 Additional comments and explanations on Sector Classification/Coverage | (i) For presentation of external debt statistics in a public-sector based approach in line with the External Debt Statistics Guide (2013) and the Government Finance Statistics Manual 2014 (GFSM 2014) the Bank of Russia compiles several presentations of external debt data using the following definitions:
Public Sector External Debt covers liabilities of the General Government, Monetary Authorities, and those entities in the banking and other sectors that are public corporations, i.e. nonfinancial or financial corporations which are subject to control by government and monetary authorities. Control is established (directly or indirectly) through ownership of more than half of the voting shares or otherwise controlling more than half of the shareholder voting power. Indebtedness of any domestic institutional unit not meeting the definition of Public Sector External Debt is to be classified as Private Sector External Debt. Publicly-Guaranteed Private Sector Debt and Private Sector Debt Not Publicly Guaranteed are not presented in External Debt statistics. (ii) Bank of Russia allocates only two sub-sectors in Other Sectors: Other financial corporations and Nonfinancial corporations. Currently, there is no opportunity to allocate Households and nonprofit institutions serving households (NPISHs) separately. It is included in Nonfinancial corporations.
(i) For presentation of external debt statistics in a public-sector based approach in line with the External Debt Statistics Guide (2013) and the Government Finance Statistics Manual 2014 (GFSM 2014) the Bank of Russia compiles several presentations of external debt data using the following definitions:
Public Sector External Debt covers liabilities of the General Government, Monetary Authorities, and those entities in the banking and other sectors that are public corporations, i.e. nonfinancial or financial corporations which are subject to control by government and monetary authorities. Control is established (directly or indirectly) through ownership of more than half of the voting shares or otherwise controlling more than half of the shareholder voting power. Indebtedness of any domestic institutional unit not meeting the definition of Public Sector External Debt is to be classified as Private Sector External Debt. Publicly-Guaranteed Private Sector Debt and Private Sector Debt Not Publicly Guaranteed are not presented in External Debt statistics. (ii) Bank of Russia allocates only two sub-sectors in Other Sectors: Other financial corporations and Nonfinancial corporations. Currently, there is no opportunity to allocate Households and nonprofit institutions serving households (NPISHs) separately. It is included in Nonfinancial corporations. (iii) Due to the fact that the Bank of Russia temporarily suspended quarterly publication of Payment Schedule of External Debt of the Russian Federation, tables 3 and 4 are not filled in. In addition, the Bank of Russia temporarily suspended the publication of the Central bank data, starting from the 1st quarter of 2022, indicators on Deposit-Taking Corporations include data on the Central Bank. |
| 4.0 Debt Instrument Classification/Coverage | |
| 4.1 Data coverage for Currency and deposits | Fully covered |
| 4.2 Data coverage for Debt Securities | Fully covered |
| 4.3 Data coverage for Loans | Fully covered |
| 4.4 Data coverage for Trade credit and advances | Fully covered |
| 4.5 Data coverage for Other debt liabilities | Fully covered |
| 4.6 Data coverage for Special drawing rights (allocations) | Fully covered |
| 4.7 Data coverage for Debt liabilities of direct investment enterprises to direct investors | Fully covered |
| 4.8 Data coverage for Debt liabilities of direct investors to direct investment enterprises | Fully covered |
| 4.9 Data coverage for Debt liabilities to fellow enterprises | Fully covered |
| 4.10 Arrears (including interest that accrues on arrears) reported in the same debt instrument | Yes |
| 4.11 Arrears separately identified in the memorandum items | Yes |
| 4.12 Classification of maturity for short-term/long-term debt instruments | Original Maturity |
| 4.13 Additional comments and explanations on Debt Instrument Classification/Coverage | (i) SDR allocations are included from 2009Q3. |
| 5.0 Valuation and Basis of Recording | |
| 5.1 Main valuation method for debt securities (in main table) | Market Value, Nominal Value and Face Value |
| 5.2 Main valuation method for debt securities (in memorandum items) | Market value of General Government debt securities is presented in the memorandum item only. |
| 5.3 Other methods and weights used for valuation of debt securities | General government securities are estimated at face value. Debt securities of other sectors are recorded at market value. For deposit-taking corporations (except central bank) both market value and nominal value are used. |
| 5.4 Basis for compiling external debt statistics | Accrual Basis |
| 5.5 Inclusion of accrued interest costs that are not paid | Partially - Accrual principle is used for recording debt position data for the central bank, deposit-taking corporations (except central bank) and for traded instruments of other sectors. Liabilities to pay dividends that have been declared are covered. Prevailing principle used for recording debt position of federal government and non-tradable debt of other sectors is “due for payment” basis. |
| 6.0 Data sources/Compiling Organizations | |
| 6.1 Main data source(s) for the external debt statistics | (i) Sources of data are reports of Ministry of Finance of the Russian Federation (Minfin of Russia), local governments, banks, Vnesheconombank, other financial corporations, nonfinancial corporations and custodians, information from international financial organizations as well as own data of the Bank of Russia and partner country statistics. In some cases estimates of the Bank of Russia are used.
(ii) Debt securities: Data on primary issues on general government debt securities are received from Minfin of Russia. Data on secondary market transactions with general government securities and data on banks` and other sectors` securities are based on banks` and custodians’ reports and information from specialized databases.
(iii) Loans: The sources of data are reports of banks and nonbank corporations, surveys, reports of general government and local government, data from Federal Customs Service and the Bank of Russia`s own data.
(iv) Currency and deposits: The sources of data for currency and deposits are reports of banks and the Bank of Russia`s own data. A special model is used to assess the amount of national currency owned by non-residents.
(v) Other debt liabilities: This item is based on data from Minfin of Russia, banks, insurance companies, US GAAP and IFRS reports of companies, international financial organizations and the Bank of Russia`s own data. Information from commercial analytical systems and specialized databases are also used.
(vi) Direct Investment: Intercompany loans: The sources of data are reports of banks and non-bank corporations. |
| 6.2 Link(s) to national website where the external debt statistics are being disseminated | http://www.cbr.ru/Eng/statistics/?PrtId=svs |
| 6.3 Link(s) to relevant metadata that currently exists and is consistent with your external debt statistics | http://www.cbr.ru/Eng/statistics/?PrtId=meth |
| 6.4 Primary agency responsible for compiling external debt statistics | Central Bank of the Russian Federation (Bank of Russia) |
| 6.5 Primary agency responsibile for disseminating external debt statistics | Central Bank of the Russian Federation (Bank of Russia) |
| 7.0 Periodicity and Timeliness | |
| 7.1 Frequency of external debt statistics compilation | Quarterly |
| 7.2 Frequency of external debt statistics dissemination | Quarterly |
| 7.3 Timeliness of the publication of the external debt statistics | Quarterly external debt position data are disseminated within one quarter after the reporting date. These are three tables: «External Debt of the Russian Federation», «External Debt of the Russian Federation in Domestic and Foreign Currencies», «External Debt of the Russian Federation by Maturity and Financial Instruments».
To provide users with the timeliest external debt estimates, the estimates are disseminated on the Bank of Russia’s website (on the tenth business day after the reference quarter, as a rule). |
| 7.4 Additional comments on Periodicity and Timeliness | A number of different presentations of external debt data are disseminated on the Bank of Russia website according to dates indicated in the Official Statistics Release Calendar (http://www.cbr.ru/Eng/statistics/?PrtId=indcalendar). |
| 8.0 Revision Policy | |
| 8.1 Data revision policy | Regular schedule - To enhance the accuracy and comprehensiveness of statistics and ensure the temporal consistency of time series, previously disseminated data are subject to revisions. The revisions rules applied in practice provide for the regular revisions of data through the year after the initial publication for the reporting period and ad hoc revisions (for example related to methodological changes). Every quarter the compilers make analyses of the reasons of changing data. Results of revisions are published on the Bank of Russia website in detailed lists of updated indicators, specifying the reasons for the adjustment and the applicable period subject to review. |
| 9.0 Unit of Measure | |
| 9.1 Unit of Measure | Data are in USD. |
| 10.0 Reference Period | |
| 10.1 Reference Period | (i) Data are available starting from 2003Q1. (ii) Data converted through generic conversion from 2003 EDS Guide/BPM5 to 2013 EDS Guide/BPM6 basis by the World Bank from 2003Q1 to 2013Q2. (iii) Data reported by country on a 2013 EDS Guide/BPM6 basis starting from 2013Q3. |
| 11.0 Table Reporting | |
| 11.1 Table 1 - Gross External Debt Position: by Sector (Prescribed component) | Yes |
| 11.2 Table 2 - Gross External Debt Position: Foreign Currency and Domestic Currency Denominated Debt (Encouraged component) | Yes |
| 11.3 Table 3 - Debt-Service Payment Schedule for Outstanding External Debt as of End-Period: by Sector (Encouraged component) | Yes |
| 11.4 Table 4-Gross External Debt Position:Principal and Interest Payments Due in 1 Yr or less -by Sector (Encouraged component) | Yes |
| 11.5 Table 1.1 - Gross External Debt Position: Debt Securities - Reconciliation of Nominal and Market Value | No |
| 11.6 Table 1.2 - Gross External Debt Position: Other Sectors | No |
| 11.7 Table 1.3 - Gross External Debt Position: Public Sector Debt and Publicly-Guaranteed Private Sector Debt | No |
| 11.8 Table 1.4 - Gross External Debt Position: Arrears by Sector | No |
| 11.9 Table 1.5 - Net External Debt Position: by Sector | No |
| 11.10 Table 1.6 - Gross External Debt Position: Reconciliation of Positions and Flows | No |
| 11.11 Table 2.1 - Gross External Foreign Currency and Foreign-Currency-Linked Debt Position | No |
| 11.12 Table 3.1 - Gross External Debt Position: Short-Term Remaining Maturity - by Sector | No |
| 11.13 Table 3.2 - Debt-Service Payment Schedule for Outstanding External Debt as of End-Period: by Sector and Instrument | No |
| 12.0 Metadata Update | |
| 12.1 Metadata last updated | 12/14/2016 |