For the first time, the World Bank disclosed data on the debtor countries of Russia. Our country is in fifth place among the largest sovereign creditors of developing countries. At the first place – China owed $ 149 billion. The second is Japan (107.1 billion dollars), the third is Germany (28.3 billion dollars), and the fourth is France (27.3 billion dollars).
As of the end of 2019, about 30 developing countries owe the Russian Federation under $ 22.9 billion in bilateral loans (these are debts of states, as well as debts of legal entities guaranteed by states).
By the amount of debt to Russia, Belarus ranks first with $ 8.1 billion. These are data for 2019, they do not take into account another $ 1.5 billion, the provision of which Moscow and Minsk agreed last fall. And recently it became known about the negotiations between the Russian Federation and Belarus on a new loan of $ 3 billion.
Venezuela, Vietnam, India, Bangladesh and Yemen owe Russia more than $ 1 billion.
The World Bank estimates the total debt of African countries (Zambia, Ethiopia, Mozambique, Madagascar, Sudan, Tanzania, Somalia) to the Russian Federation at $ 973 million. Most of the loans were allocated back in Soviet times. Separately, Egypt’s debt of $ 495.5 million is allocated.
As told to RBC economist of the American Natural Resource Management Institute (NGRI) David Mikhaly, information on debts is compiled on the basis of reports submitted to the World Bank by the Ministry of Finance of developing countries. The economist noted that about 5% of all debt remained not distributed among the creditor countries, and Iraq and Cuba are not on the list of debtors of the Russian Federation, the debts of these states at the end of 2018, according to the publication, could have amounted to $ 4 billion.
Interestingly, the Ukrainian Ministry of Finance takes into account a debt of $ 610 million in its reporting (for Russian gas supplies in the 1990s), while Moscow insists that Kiev owes $ 3 billion allocated at the end of 2013. Viktor Yanukovych shortly before the change of power.
According to the Ministry of Finance of the Russian Federation, as of October 1, 2020, states and legal entities owe Russia $ 39.6 billion (data from the November prospectus of Eurobonds). It turns out that the World Bank data on the debts of developing countries to the Russian Federation cover slightly more than half of this debt.
Last year, Russia provided loans to other states for 211 billion rubles, according to data from the Federal Treasury. This year, it is planned to provide financial and export government loans for 355 billion rubles.