Russian foreign debt declining year-to-date, Central Bank says

The Russian foreign debt stood at $357.9 bn as of 1st April , 2023, the Central Bank said on Thursday,

The debt dropped by 5.9% or by $22.6 bn, compared to the figure at the year start, Russian News Agency (TASS) reported, quoting an apex bank statement .

“The dynamics was largely driven by the contraction of foreign debt of other sectors as regards attracted credits, including within the framework of direct investing relations, the Central Bank noted.

The Russian foreign debt totaled $380.5 bn as of 1st January of this year, the Bank of Russia said on 29th March. The debt figure contracted by $101.8 bn over 2022.