Government and private-sector liabilities abroad have dropped below $300 billion The amount of debt owed by the Russian state and private companies to foreign financial institutions has dropped below $300 billion for the first time since 2006, the Bank of Russia reported on Friday. As of October 1, foreign liabilities amounted to $293.4 billion, having decreased by $24.5 billion, or 7.7%, since the beginning of 2024, according to a statement issued by the central bank. External debt is the portion of a country’s national debt borrowed by the state and private businesses from overseas lenders such as banks, the IMF
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