Estimate of External Debt of the Russian Federation as of July 1, 2020
According to the Bank of Russia’s estimate, external debt of the Russian Federation as of July 1, 2020 totaled $477.2 billion, decreasing from the beginning of the year by $14.2 billion. The dynamics of the indicator was largely influenced by the transactions by banking sector, reducing debt to non-residence. The impact of the revaluation was also noticeable, which led to a significant reduction in external debt of all economic sectors at the end of Q1, as a result of depreciation of Russian ruble and follow-up recovery of the debt level as volatility in the foreign exchange market decreased and the Russian ruble strengthened.
13 July 2020