RUSSIAN FEDERATION

List of the debt treatments :

DATE OF THE TREATMENT	TYPE OF THE TREATMENT	STATUS OF THE TREATMENT
August 01, 1999	Ad Hoc	active
April 29, 1996	Ad Hoc	active
June 03, 1995	Ad Hoc	fully repaid
June 04, 1994	Ad Hoc	fully repaid
April 02, 1993	Ad Hoc	fully repaid

Part prepayment at par proposed to all Paris Club creditors in the framework of the Paris Club agreed minutes of 13 May 2005. (see press release)

Full "hybrid" prepayment (par / buyback) proposed to all Paris Club creditors in the framework of the Paris Club agreed minutes of 16 June 2006. (see press release)

Under Paris Club rules, each creditor country may decide to participate or not to the prepayment proposal.