28 Dec 2024 17:47

Central Bank of Russia raises estimate for external debt to $309.1 bln as on Oct 1; declines 1.9% in Q3

MOSCOW. Dec 28 (Interfax) - The estimate for Russia's overall external debt has increased to $309.1 billion, 15% of GDP over the past 12 months, as on October 1, 2024, from the previously estimated $293.4 billion, the Central Bank of Russia posted on its website.

External debt declined by $6.0 billion in Q3 2024, or 1.9%, from $315.2 billion.

The external debt of other sectors decreasing by $7.2 billion, or 3.9%, to $178.2 billion, mainly for attracted loans and borrowings, including as part of direct investment relations, predominantly attributed to the decline in external debt in Q3.

However, the external debt of the CBR and banks rose by $2.9 billion, or 3.0%, to $100.5 billion.

The liabilities of government agencies to non-residents declined by $1.8 billion, or 5.6%, to $30.4 billion in Q3, mainly in terms of non-resident investments in sovereign securities.

Russia's external debt declined by $8.8 billion in the first three quarters of 2024, or 2.8%, from $317.9 billion at the beginning of the year.