The World Bank data show that India was the only country whose debt to Russia increased last year.

According to this bank, in 2021 Russia had only 3 sovereign creditors – India, France and South Korea.

The World Bank report indicates that Russia’s sovereign debt to India increased by 3.2 times over the specified year, reaching $610 million.

India, meanwhile, provided a $190 million loan to Russia for the first time in 2020.

The World Bank report confirms that Russia has reduced its debt to the other two countries mentioned above. Debt to South Korea fell by 20% to $279.7 million, the lowest level of debt since 1992.

The amount of debt to France decreased by 34% – up to 315.6 million dollars.

About 21% of Russia’s external debt belongs to bondholders, and last year this figure fell by 8.3% to $99.4 billion.

And the main share of Russia’s external debt lies with large institutional creditors not associated with the state – they account for 73.8% of all debt obligations. Last year, this debt rose by 3.6% to $355.4 billion.

In general, Russia’s total external debt reached $481.4 billion last year, having increased by 4.4% over the year.

Source: News

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Robin Jackson is the editor-in-chief at 24PalNews. As an editor and author who covers business and finance, Robin shares the latest business news, trends, and insights with his extensive audience.

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