Russia continues slashing foreign debt, cuts it by $8.6 BILLION since start of year

Russia’s total

Russia’s total external debt has fallen by 1.8% in the first quarter of the year, and was worth $459.3 billion as of April 1, data from the central bank shows.

The size of the country’s foreign debt has dropped by $8.6 billion, “mainly due to decrease in liabilities of other sectors on external loans, as well as a decrease in portfolios of non-residents in sovereign securities,” the regulator said.

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