External debt of Russia has grown

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www.vsyako.netPhoto: Maxim Shemetov / Reuters

In 2019, Russia’s foreign debt grew by 5.9 percent. In absolute terms the growth amounted to 26.8 billion dollars. As of 1 January 2020, it reached the level 481,5 billion dollars, follows from materials of Bank of Russia.

In comments it is specified that the leading role in the growth of the debt was played by the increase in purchases of non-residents for government securities.

In turn, the private sector external debt has changed slightly. The growth of debt in the framework of direct investment offset by the reduction of the debt of the banking sector.

Previously, the regulator announced that non-residents set a record for investments in government debt. In 2019 they bought securities at 22.2 billion dollars, of which about 15 billion come from to Federal loan bonds (OFZ).

The remaining funds went to the Russian Eurobonds. The previous record was recorded in 2012. Then the inflow of funds amounted to $ 17.1 billion. In 2018, in contrast, had an outflow of 5.3 billion.

Video, photo All from Russia.

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