Russia’s External Debt Trends and Public Financing

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Russia finished 2022 with external debt at 380.5 billion dollars, the lowest in more than a decade. This figure reflects the central bank and state financial operations as reported by the regulator.

Officials noted that the decline in foreign obligations came from timely loan repayments, including those linked to direct investment relations, and from reduced government bond liabilities. By January 1, 2023, the external debt stood at 380.5 billion dollars, marking a drop of 101.8 billion dollars, or 21.1 percent, over the previous year. Long-term liabilities accounted for the majority of the total at 311.35 billion dollars, while short-term debts totaled 69.19 billion dollars.

Institutional debt reached 46.1 billion dollars, the central bank and credit institutions carried 93.5 billion dollars, and the largest share of external obligations to foreign creditors, amounting to 241 billion dollars, belonged to other sectors of the economy.

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