Despite record borrowing to shore up the country’s finances and fund its healthcare system during the Covid-19 pandemic, Russia has racked up far less national debt than first expected, a new economic analysis has claimed.
On Wednesday, local media reported that the Accounts Chamber in Moscow had recorded a rise in public liabilities of more than 5.4 trillion rubles ($73 billion) over the past year, putting its total bill with lenders at nearly 19 trillion rubles (more than a quarter of a trillion US dollars).
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