All news

Russia’s foreign debt down from $46 bln to $32 bln — Putin

As the Russian president noted, private foreign debt has also contracted as companies are repaying all loans taken in foreign financial organizations

MOSCOW, December 14. /TASS/. Russia’s foreign debt has decreased from $46 bln to $32 bln, President Vladimir Putin said during his combined Direct Line Q&A session and year-end press conference.

"Foreign national debt is going down, which also demonstrates macroeconomic and financial stability. National debt has decreased from $46 bln to $32 bln. Private foreign debt has also contracted as companies are repaying all loans taken in foreign financial organizations, from $337 bln to $297 bln," he said.

According to figures released by the Accounts Chamber in November, Russia’s foreign national debt in dollar terms decreased by $5.09 bln, or by 8.9%, in January-September 2023 compared with the level as of January 1, 2023 ($57.42 bln) due to the drop in the ruble’s exchange rate.