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time, is already showing the retail turnover is already falling again. The other economic indicators tell a similar story. It could well be that the second wave of the epidemic is far worse than the first wave as the winter weather closes in. Then Russia’s regions will find it even harder to cope with a corona-shock than they did in the summer.
6.2 Debt
Russia - External debt 2012 2013 2014 2015 2016 2017 Jan-Jun ‘18
Budget: external debt (USD bn)
2,363.52 2,844.56 2,729.43 2,169.01 2,073.22 2,096.24 1,005.41
Budget: external debt (% GDP)
29.02 31.73 29.07 37.89 39.83 32.84 /
source: CEIC, CBR
According to the Bank of Russia, the external debt of the Russian Federation as of October 1, 2020 amounted to $461.2bn. Since the beginning of the year, the country's external debt has decreased by $30.3bn, mainly due to a decrease in the debt of the government and other sectors, mainly due to currency revaluation.
76 RUSSIA Country Report November 2020 www.intellinews.com