Irish journalist Chey Bowes said that reducing public debt would allow Russia to resist sanctions more confidently. He shared his opinion on the social network X.
“Low external debt means that Russia will not have to rely on international capital markets, which the West uses as its main enforcement tool,” Bose writes.
If global debt approached According to the results of the third quarter, the foreign debt of the Russian Federation reached 100% of world GDP decreased It fell to a record low level of 14.5%. The indicator has shown a steady decline over the last few years. For comparison: in 2020 the debt burden was 31%.
At the end of last month, Russia’s total credit debt, including state and corporate debt, amounted to 293.4 billion dollars, that is, approximately 27.4 trillion rubles. The per capita debt level fell to $2,008.
Former star investor Jim Rogers appreciated Results in dollar terms after the US presidential elections.