Russian Minister of Finance Alexei Kudrin reportedly told Finnish counterpart Eero Heinäluoma in Moscow on Tuesday that Russia hopes to pay the debt by the end of August.
Russia owes Finland nearly 250 million euros. According to a previous deal, about 25 million euros of the debt will be paid in services and goods.
Heinäluoma said Finland would be happy to accept early repayment.
Russia has already proposed the plan to the Paris Club, an informal group of financial officials.
Finnish News Agency, YLE 24