Russia’s total external debt has fallen by 1.8% in the first quarter of the year, and was worth $459.3 billion as of April 1, data from the central bank shows.
The size of the country’s foreign debt has dropped by $8.6 billion, “mainly due to decrease in liabilities of other sectors on external loans, as well as a decrease in portfolios of non-residents in sovereign securities,” the regulator said.
The nation’s foreign debt totaled $470.1 billion as of January 1. It has been dropping since mid-2014, when it reached its peak of around $733 billion in the wake of US and EU sanctions.
At the same time, Russia has been boosting its foreign reserve holdings, which stood at $574.8 billion as of April 2. The holdings, which are highly liquid foreign assets comprising stocks of monetary gold, foreign currencies, and Special Drawing Rights (SDR) assets, have been steadily growing in recent years and are higher than the half-trillion-dollar target set by the central bank. Despite the coronavirus pandemic, the reserves surged by over $40 billion last year.
Russia’s total external debt has fallen by 1.8% in the first quarter of the year, and was worth $459.3 billion as of April 1, data from the central bank shows. Read Full Article at RT.com Read More
The Coming Panic Will Be Too Late At some point, the Fed will react and in panic lower rates and inject fake money into the system. But that will be much too late. No amount of fake money can save a system which is morally and financially bankrupt… The Big Picture Is Disastrous For Equities […]
The spewing of Sinophobic propaganda across the South Pacific will have an adverse effect on those societies’ stability, which will in turn ultimately work against Australia’s objectively existing national security interests too. The tragedy is that instead of condemning this, Labor is actively colluding with the Liberals to have it happen. Australia’s Labor Party hopes […]
Alexander Dugin’s The Great Awakening vs the Great Reset is an open declaration of war against the twin diseases of liberalism and Western political modernity. Dugin calls upon the inhabitants of the Heartland to relentlessly attack, on all theoretical and practical fronts, the global elites of the coastlands, who try to impose their perverse, anti-human […]
