Today, Russia 's external debt to other countries is a “legacy” from the USSR. Of course, the former Union acted not only as a borrower, but also as a creditor, but due to the lack of a freely convertible currency that could be used to pay for goods delivered and services rendered, it was necessary to resort to borrowing from other countries.
The main difference between the debts of other countries to the Russian Federation is that our country presented loans in commodity form (weapons, fuel), but Russia's debt is expressed in dollar terms. The largest increase in debt relates to the years of the crisis, when the country could not pay current debts, got into new ones and plus old ones charged penalties. Over the past year, Russia's debt to other countries grew by 15.4% and amounted to $ 623.963 billion in monetary terms.
Most of the debt falls on the banking sector - $ 208.37 billion. Why? The fact is that due to the recent crisis, which in one way or another affected our country, in 2012 the whole market grew at the expense of funds from the state, so raising borrowed funds in this situation is a better solution. Moreover, the increased debt of Russia poses no threat to the country's economy. So say the experts.
If you express the debt of Russia to other countries in GDP, it turns out that the mark is at the level of 20%. If we compare it with the situation on the world stage, where in many European countries this mark has long surpassed the level of 100%, then the Russian Federation in this case is in a favorable zone of no risk of economic crisis. Analysts argue that the only negative point in this situation is the growth of corporate debt, including the banking sector. But they immediately reassure: it means that this year we can definitely expect that the Central Bank of the Russian Federation will tighten its banking policy to reduce risks.
Despite the growth of debt to European countries, over the past decade , Russia has made a huge number of “gifts” to other countries, writing off to someone part of the debt, and to someone the whole amount. Such squandering has caused and still causes a lot of disputes and discontent from not only political figures, but also ordinary citizens of our country. Of course, on the one hand, this is a big step towards establishing strong trade and economic relations with countries based on trust, and an increase in the number of our allies. But on the other hand, in the whole history no one has ever forgiven Russia a cent, a dime, or a penny, even in those years when the country was “on its knees”. The only help is to issue the same loans for which you had to pay with interest!
But Russia's domestic debt is impressive in its size - at the end of last year it amounted to 4.06 trillion rubles. And in the coming years, the Ministry of Finance will have to pay off these debts, which has already been drawn up for the next 25 years. Of the total amount, the state accounts for just the smallest part. Thus, the debt of the banking sector is more than 200 billion dollars, the debt of the business or the “other sector” is 356 billion dollars.
But, as mentioned above, our debts are still flowers. For example, the size of the US foreign debt - more than 10 trillion dollars! In America, a debt of 4 billion pounds in one day! So, the US debt to Russia is more than 60 billion dollars. And this country of ours is still unstable and undeveloped for everyone in the world ...