The country’s liabilities decreased to less than 15%, according to central bank data Russia’s external debt continued to shrink in the second quarter of 2023, dropping below 15% for the first time, RIA Novosti reported on Tuesday, citing data from the country’s central bank. According to the report, the figure has steadily declined over the past few years. It fell to 31% in 2020 and to 26.2% at the end of 2021. Last year saw a significant decrease in Russia’s foreign debt-to-GDP ratio to 16.6%, while in the first quarter of 2023, the figure was even lower at 15.45%. “In the second quarter of 2023, debt obligations
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