The external debt of the EAEU in aggregate decreased by $34 billion, or 6 percent. The Eurasian Economic Commission (EEC) reported.
Data are provided as of July 1, 2024, compared to the same period in 2023.
It is noted that a decrease in external debt was observed in most countries of the Union and relative to GDP. Over the previous 10 years, a similar synchronized decrease in external debt in the EAEU member states was registered in the period from 2016 to 2018.
According to the EEC, public administration debt dominated in the structure of external debt in Armenia, Belarus and Kyrgyzstan, direct investment debt — in Kazakhstan, and debt of other sectors — in Russia.
«At the same time, the most coverage of external debt by international reserves is provided in Russia (196.6 percent). In other EAEU member states, this indicator in the reporting period ranged from 21.7 percent in Armenia to 33.3 percent in Kyrgyzstan,» the statement says.
