2024-04-04T16:42:54+00:00
A-
A
A+
/ Russian Central Bank data, issued on Thursday, showed a decline in the country’s external debt to its lowest levels since 2007, after recording $316.8 billion, and thus it is considered one of the best indicators of the size of debt in the world.
The Russian Central Bank explained in its annual report that external debt decreased by 17.7%, after it had recorded about 326.6 billion dollars last year.
According to the debt report issued today, the amount owed by the Russian Central Bank and other banks in Russia stabilized at $94.7 billion in 2023, while government debt decreased by 29% and recorded about $32.7 billion instead of $46.1 billion. Likewise, the Russian Central Bank report showed that sectors of the economy, excluding banks, reduced their total external debt by 22.6% to reach $189.4 billion.
It is noteworthy that in 2014, the Russian external debt had recorded a historical level exceeding 700 billion dollars, but Russian institutions began to reduce obligations intensively to record in 2023 their lowest level since 2007, and the external debt is considered part of the country’s total debt, which is the amount of money it borrows. State and private companies are external lenders.