Russia's external debt-to-GDP ratio falls to historic low

VLADIVOSTOK, July 21 (Xinhua) -- It is a positive sign for Russia's economy that the country's external debt-to-GDP ratio plummeted to a historic low of 15 percent by the end of the first quarter, local media said on Friday.

Data from Russia's Central Bank reveal that the ratio, which stood at 16.6 percent at the end of 2022, has further declined. By late March, state and corporate debt combined amounted to 354.