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Russia's Foreign Debt Estimated at $600 Billion for 2014
20.01.2015 22:33
Russia's Foreign Debt Estimated at $600 Billion for 2014

On Tuesday, January 20, the Bank of Russia issued a report which revealed that Russia’s foreign debt stood at $599.497 billion by the end of 2014, which is 17.7 percent lower than it was in the previous year.

      The biggest part of Russia's foreign debt is distributed among banks at $171.105 billion, as well as $10.407 billion on the Central Bank of Russia.

      The US Central Intelligence Agency (CIA) put Russia on the 22nd place in the list of countries by external debt. The leader of the list is the United States with the estimated debt of $15.68 trillion as of 2013. The second place is occupied by the United Kingdom with the foreign debt of $9.577 trillion. Foreign debt, or external debt, is money a country owes to foreign creditors.

      The most part of Russia's public debt, which was formed mostly in post-Soviet years, is currently estimated at $16.1 billion in rouble bonds and $21.44 billion in the foreign currency.

      Earlier Russian Prime Minister Dmitry Medvedev said that the country had all necessary reserves to vouch for reliable and opportune debt payments.

Author: Julia Alieva

Tags: Russian economy Russian money debt Russian banks  

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