Russia's Foreign Debt Shrinks to Lowest level in 15 Years

Russia’s foreign debt decreased by 21.1 percent last year, reaching $380.5 billion, the lowest value since the first quarter of 2007. data The central bank.

At the same time, in monetary terms, the reduction totaled $101.8 billion. That was the biggest drop since 2014 when it dropped $129 billion.

The Central Bank noted that foreign debt decreased due to the repayment of loans, including within the framework of direct investment relations, and the reduction of debt on government bonds.

According to the results of last year, the least debt to non-residents fell on state administration bodies – only $46.1 billion, while the figure for the reporting period fell by more than a quarter. The Central Bank and credit institutions reduced their external debt by 18.5% compared to the previous year to 93.5 billion dollars.

The rest of the economy accounted for most of the debt to foreign creditors – $241 billion compared to $304.3 billion a year ago.