Russia Is Rapidly Reducing Its Foreign Debt

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Russia Is Rapidly Reducing Its Foreign Debt

A photograph taken on March 12, 2018 shows the Kremlin complex and the Bolshoy Kamenny bridge crossing the river Moskva in Moscow. Photo by Mladen Antonov/AFP

The Russian foreign dept has been reduced by $53bn in 2Q18 and 3Q18 reaching the level of mid 2019 – $467bn, according to the fresh CBR data.

On October 1, the foreign dept of the Russian government as well as other entities, including banks and corporations, was 20.4% of Russia’s GDP. In mid 2014, the Russian foreign dept was $732.7bn. By October 1, it had been reduced by 30%.

One of the factors contributing to the reduction of the foreign dept is the Russian withdrawal from the US treasuries. In August 2018, the Russian share in the US treasuries was reduced to to just $14 billion from $180 billion back in 2011.

The Russian web portal RBC, the Russian foreign dept has also changed its structure by reducing amount of the dept in USD. Now, EUR and Rub are a notable part of it.

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  • Feudalism Victory

    Low debt trillions of untapped natural resources plenty of high tech military tech. Yes its no doubt why russia is such a target for regime change and looting.

    • Sinbad2

      Exactly if you look at Americas targets, they are mostly low debt nations.
      But the US bombs some debt into them. Indebting others is what keeps America going.
      America is the global Shylock.

      • Feudalism Victory

        War is a racket. Big money lends to both sides. Pity all that military power isnt used to loot the money lenders.

  • Dick Von Dast’Ard

    Hmmm,
    So if 20% of Russian GDP is $467bn, 100% GDP must be nominal $2335 bn. ($2.335 Trillion)
    PPP being circa $4 Trillions+.