Contents tagged with foreign debt
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Russia forced to make record loan repayments
According to statistics published by the Central Bank of Russia on Thursday, after the April round of US sanctions, Russian banks and corporations have had difficulties with foreign debt.
In the second quarter, repayment of loans from the West took a record $34 billion out of the Russian economy. Banks which, at the start of the year, had the opportunity to partially extend loans, have this time been unable to refinance a cent: over the last quarter they paid off $9.8 billion, which is even …
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Russia’s foreign debt has grown by $ 16.2 billion since the beginning of the year
Since early 2017, Russia's foreign debt has increased by 3.1%, or $16.173 billion, based on data published on the Bank of Russia's website. Thus, as of April 1, 2017, Russia's foreign debt amounted to $529.6 billion.
"The growth of accumulated foreign debt was observed in all sectors of the economy, and was largely due to a reassessment of debt obligations denominated in national currency in response to the strengthening of the Russian ruble,” says Russia's TASS news agency, citing a report …