The country’s liabilities decreased by nearly 7% in the first quarter, according to the central bank Russia’s foreign debt continued to shrink in the first quarter of 2023 after plunging by just over $100 billion in 2022, data from the Bank of Russia (CBR) released on Friday showed. The debt dropped $25.9 billion, or 6.8%, in the first three months of the year, putting it at $357.9 billion at the end of the quarter, according to the CBR. According to the regulator, the debt shrank due to a drop in all of its components, from obligations across various sectors of the economy to liabilities on sovereign securities.
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