Central Bank: Russia’s external debt in 2023 decreased by $57 billion to $326.6 billion

2024-01-19T13:45:37.515Z

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.