Russia will repay $22.3 billion, of which $1 bln will be a premium for early repayment, Alexei Kudrin said.
Of the $1 bln premium, $700 mln will be paid to Germany. The remainder will go to France, the Netherlands, and the United Kingdom.
Kudrin said that according to the scheme for repayment, which was approved by parliament on Thursday, 52.1% of the debt would be repaid at par value.
"All creditor nations of the Paris Club have confirmed their participation in the scheme for early debt repayment. After an order is issued by parliament, the agreement, which has already been signed by all Paris Club creditor nations, will be signed by Russia," the minister said, adding that Russia would then sign bilateral agreement with each of the creditor countries.
Kudrin said the scheme had received the approval of Economic Development and Trade Minister German Gref, Central Bank Chairman Sergei Ignatyev, Deputy Prime Minister Alexander Zhukov and Prime Minister Mikhail Fradkov.
Russia recognized the Soviet Union's foreign debt in 1993 and joined the club of creditor nations in 1997.
In 2005, the country made the largest transaction in the club's history, repaying $15 billion.
