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External debt has grown in Russia - EastRussia | Far East

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External debt grew in Russia

External debt grew in Russia
Photo: pixabay.com

In 2019, Russia's foreign debt grew by 5,9% - by $ 26,8 billion. As of January 1, 2020, the debt amounted to $ 481,5 billion.

According to the press service of the Central Bank, the main role in the growth of debt was played by the acquisition by non-residents of sovereign securities in Russian rubles and in foreign currency.

At the same time, the external debt of the private sector remained practically unchanged. As the regulator notes, the growth of liabilities of other sectors, mainly in the framework of direct investment relations, was offset by a reduction in banks' external debt.