Russia’s foreign debt is up 15.4 percent on last year’s figures, according to the country’s Central Bank.
The nation’s external debt climbed to $623.9 billion in December 2012, with the share of the government debt growing from $33.5 to $44.7 billion.
Russia’s foreign debt to GDP ratio is still quite low, compared to some of the Eurozone countries. It remained below 10 percent throughout 2012 while states like Greece have been battling more than 100 percent.
The full report of the Central Bank in English is available here.
Author: Mikhail Vesely