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

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. The nation’s foreign debt totaled $470.1 billion as of January 1. It has been dropping since mid-2014, when it reached its peak of around $733 billion in the wake of US and EU sanctions. Also on rt.com

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