Russia's external debt decreased by a record $4.2 billion in April.
Russia's external liabilities to foreign creditors decreased by $4.2 billion in April, which was the largest decrease in the entire observation period. This was reported by RIA Novosti on June 18, citing data from the Ministry of Finance.
It is noted that by the end of March, the external debt amounted to $61.1 billion, while by the end of April it had decreased to $58.9 billion. Thus, the figure decreased by $4.2 billion over the month. It is noted that such a significant drop has not been recorded for at least the last 15 years.
The previous record reduction was recorded in July 2018, when the external debt decreased by $3.6 billion.
Maxim Reshetnikov, the head of the Ministry of Economic Development of the Russian Federation, said on the sidelines of the Russia–ASEAN forum in Kazan on June 17 that Russia has every chance to consolidate its status as a reliable supplier on the global market. It was noted that the country was able to illustrate its resilience as an exporter at the time of the escalation in the Middle East.
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