Russia's debt to other countries

To date, Russia 's foreign debt to other countries is an "inheritance" from the USSR. Of course, the former Union acted not only as a borrower, but also as a creditor, but due to a lack of freely convertible currency, which could be paid for the goods and services provided, it was necessary to borrow from other countries.

The main difference between the debts of other countries to Russia is that our country represented loans in commodity form (weapons, fuel), but Russia's debt is expressed in dollar equivalent. The greatest increase in debt refers to the years of crisis, when the country could not pay current debts, climbed into new and plus on old charged penalties. Over the past year, Russia's debt to other countries grew by 15.4% and amounted to 623.963 billion dollars in monetary terms.

Most of the debt falls on the banking sector - 208.37 billion dollars. Why? The fact is that because of the recent crisis, one way or another that touched our country, in 2012 the entire market grew at the expense of funds from the state, so borrowing in this situation is the more correct decision. Moreover, the increased debt of Russia poses no threat to the country's economy. So say the experts.

If we express Russia's debt to other countries in GDP, it turns out that the mark is at the level of 20%. If to compare with the situation on the world stage, where many European countries this mark has long exceeded the level of 100%, then in this case Russia is in a favorable zone of absence of risk of the economic crisis. Analysts say that the only negative point in the current situation can be called the growth of corporate debt, including the banking sector. But then they calm down: it means that this year it is possible to accurately expect that the CBR will tighten the banking policy to reduce risks.

Despite the growth of debt obligations to European countries, Russia over the past decade has made a huge number of "gifts" to other countries, writing off some of the debt, and someone and the entire amount. This extravagance caused and still causes a lot of controversy and discontent on the part of not only political figures, but also ordinary citizens of our homeland. Of course, on the one hand, this is a big step towards establishing lasting trade and economic relations with countries based on trust, and increasing the number of our allies. But on the other - throughout history, no one has ever forgiven Russia for a cent, a penny, or a penny even in those years when the country was "on its knees." The only help is giving out the same loans for which you had to pay with interest!

But Russia's domestic debt is impressive by 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 by the corresponding program for the next 25 years. The share of the state from all this amount is just the smallest part. Thus, the debt of the banking sector is more than 200 billion dollars, business or "other sector" debts - 356 billion dollars.

But, as mentioned above, our debts are still flowers. For example, the size of the external debt of the US - more than 10 trillion dollars! In America, one day runs into a debt amount of 4 billion! So, the US debt to Russia is more than 60 billion dollars. And this is our country is still for all in the world is unstable and undeveloped ...