Central Bank: Russia’s external debt in 2023 decreased by $57 billion to $326.6 billion
1/19/2024, 1:45:37 PM
Highlights: Central Bank: Russia’s external debt in 2023 decreased by $57 billion to $326.6 billion. The reduction in external debt by 14.9% is due to a decrease in the volume of Russian sovereign securities available to non-residents. The key factor in reducing external debt, according to the regulator, was the reduction in obligations of other sectors on attracted loans. Earlier, Russian President Vladimir Putin made a statement according to which the country's external debt had been reduced by about a third.
Russia's external debt as of January 1, 2024 amounted to $326.6 billion, which is $57.1 billion lower than what was recorded at the beginning of 2023. This is stated in materials published by the Bank of Russia.
The regulator notes that the reduction in external debt by 14.9% is due to a decrease in the volume of Russian sovereign securities available to non-residents, including as a result of their planned repayment.
However, the key factor in reducing external debt, according to the regulator, was the reduction in obligations of other sectors on attracted loans, including within the framework of direct investment relations.
Earlier, Russian President Vladimir Putin made a statement according to which the country's external debt had been reduced by about a third.