Russia's external debt declines 4.1% to $304 bln in Q1 2024 - Central Bank assessment

MOSCOW. April 11 (Interfax) - Russia's external debt declined by $12.8 billion, or 4.1%, to $304 billion in the first quarter of 2024, the Central Bank posted on its website.

The country's external debt level as of April 1, 2024 was the lowest since October 1, 2006, when it was at $269.5 billion.

The Central Bank's commentary says that the dynamics of the indicator in Q1 2024 was due mainly to a reduction in loan obligations in other sectors, including as they relate to direct investment.

The external debt of other sectors of the Russian economy decreased $8 billion, or 4.2%, to $181.4 billion in Q1.

The debt of the Russian Central Bank and the banking sector decreased $4 billion, or 4.2%, to $90.8 billion.

Government debt decreased during the quarter by $0.9 billion, or 2.8%, to $31.8 billion.

Russia's external liabilities decreased $68.2 billion in 2023, or 17.7%, from $385.1 billion.