“In terms of budget and financial needs, Russia is simply not dependent on international capital markets,” said Liam Beach, an emerging markets economist at Capital Economics.
While Levon Kameryan, a Russian analyst at the European rating agency Scope Ratings, noted that the two figures summarize the situation in the Russian economy: bonds denominated in foreign currency are valued at about $40 billion, and Russia’s current account surplus has grown. to $166.6 billion in the first half thanks to sales of oil and gas.
He also pointed out that Russia’s public debt is close to 20% of GDP, much lower than that of economies of similar size, but experts warn of risks to Russian institutions.
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