Russia's foreign debt has reached its lowest level in the past 10 years. Debt reduction of $ 64.4 billion in 2018 led to the fact that foreign debt of $ 453.7 billion is the lowest in the last decade. This is reported by a representative of the Central Bank of Russia.

Russia's external debt is formed from borrowings of government agencies, the Bank of Russia, and individuals in Russian jurisdiction to foreign creditors. The fastest way was to reduce debt to foreign counterparties from Russian private organizations: many large enterprises that were under sanctions lost their ability to borrow money on the foreign market.

One of the reasons for the decline in public debt is the fall in the popularity of government bonds. It should be noted that although Russia since its default in 1998 has consistently fulfilled its obligations to creditors, this cannot be said of some foreign borrowers, whom the Russian government regularly forgives and writes off debts in amounts of hundreds of millions of dollars.

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