MOSCOW — Russia is completing prepayment of part of its debt to the Paris Club of creditors today. The traditional day for such payments is August 20, which was a Saturday, and the payment was rescheduled until the next working day - August 22, RBC was told at the Finance Ministry.

As we previously reported, the last part of the prepayment is $2 billion. Russia has already prepaid $13 billion to the club.

On May 13, Russia signed a deal with the Paris Club on early part-payment of $15 billion. Russia's total debt to the club is $43 billion, half owed to Germany. The entire obligation is due for clearing between 2012 and 2015.

Kudrin had said the early Paris Club payment would save Russia about $400 million in interest costs this year, and $800 million in 2006.