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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
Russia's foreign debt by April 1 decreased by 8%, to $450bn, or about 29% of GDP. The main reason is the revaluation due to the devaluation of the ruble.
The gap between the external debt total and reserves widened again to just over $100bn: Russia would have a $100bn left over in cash if it paid all its external debts off tomorrow.
7.0 FX
RUSSIA -FX
2016
2017
2018
1Q18
2Q18
3Q18
4Q18
1Q19
2Q19
3Q19
4Q19
1Q20
Currency (units per EUR) (eop)
64.8
68.9
79.5
70.4
73.4
81.0
79.5
72.9
72.1
71.5
69.8
76.3
66 RUSSIA Country Report May 2020 www.intellinews.com
