Russia’s foreign debt increased from the beginning of the year by $ 21.9 billion (by 4.7 percent) and on October 1 amounted to $ 489.2 billion, the Central Bank reports (CB).
The determining role is that the debt rate approached 500 billion dollars, played by Russia’s special borrowing rights (SDR). SDR is an artificial payment facility created by the IMF. SDR is used only with interstate calculations and it cannot be cash. Russia sent funds to replenish reserves.
At the end of August, the International Monetary Fund (IMF) sent 650 billion dollars in the form of an SDR to restore the global economy after the crisis. Most of all received the United States – 17.4 percent of the total, Russia got 2.71 percent (17.5 billion dollars). The funds obtained are reflected in the composition of the external debt of the Central Bank.
In August, international reserves of Russia reached $ 615.6 billion and updated the historical maximum. The previous record was recorded on May 28, 2021, then Russia has accumulated 605.9 billion dollars.