Russia’s debt shrinks to lowest level in 13 years ...News

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Russia’s debt shrinks to lowest level in 13 years
Foreign obligations totaled $453.5 billion as of April 1, official data shows Russia’s total external debt has fallen in the first quarter to its lowest level since 2009, amounting to $453.5 billion as of April 1, data from the Bank of Russia showed on Wednesday. The debt has decreased by $26.5 billion, or 5.5%, according to the regulator. “The dynamics of the indicator was mainly affected by the reduction in foreign debt of other sectors,” the central bank said. The record quarterly decrease in Russia’s foreign debt levels – by $81 billion – occurred in the fourth quarter of 2014 after the introduction of Western

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