Russia’s net public debt has regained positive values against the backdrop of the coronavirus pandemic. It reached 1.55 trillion rubles as of July 1, 2020.
As of July 1, the federal government’s debt amounted to 14.77 trillion rubles, while liquid reserves amounted to 13.22 trillion rubles, according to RBC referring to the statistics of the Ministry of Finance and the Central Bank.
Thus, Russia's net public debt reached 1.55 trillion rubles.
The press service of the Ministry of Finance emphasized that the main factor in reducing state deposits is the government’s purchasing a controlling stake in Sberbank from the Central Bank for 2.14 trillion rubles in April 2020.
Last autumn, it was reported that for the first time the Russia’s net public debt became negative due to the introduction of restrictions and the fall in oil prices in 2014.
Photo: Vladislav Shatilo / RBC