RIA Novosti: Armenia’s debt to Russia has decreased by $40 million

Russia increased its loans to other countries last year to over $30 billion, the highest level since 1999. The largest recipients of new loans were Egypt, Bangladesh, and India, RIA Novosti writes, studying the World Bank data.

The volume of debt owed to Russia by other states increased by $1.3 billion last year, reaching $30.1 billion. The last time this figure was above this level was in 1999 (at $32.8 billion).

Belarus remains the largest debtor, with a debt of $7.75 billion, accounting for a quarter of all loans issued by Russia. Bangladesh is in second place with $6.6 billion (22%), while India rounds out the top three with $4.1 billion (14%). Also in the top five are Egypt ($3.3 billion, 11%) and Vietnam ($1.4 billion, 5%).

At the same time, the debts of several countries to Russia have decreased. Somalia leads this trend; while the country had a debt of $703 million at the end of 2022, by the end of last year, it had reduced this to just $49 million.
Additionally, Belarus’s debt decreased by $487 million, Serbia’s by $117 million, Armenia’s by $40 million, and Azerbaijan’s by $22 million. Ten other countries have repaid a total of $82 million in obligations to Russia.