Two figures summarize the situation in the Russian economy

“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.

Source: AFP.

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