Georgian Prime Minister Irakli Kobakhidze said 145,000 individuals would have their tax debts totalling 590 million lari ($218.55mln) “completely written off”. According to him, all private entities, including individual …
The Russian foreign debt declined by 14.9% year on year or by $57.1 bln to $326.6 bln as of January 1, 2024, the Russian Central Bank reported. It was noted that the main contribution was from reduction of commitments of other sectors …
Since the beginning of the year, the share of Armenia's public debt has increased by 43% in the national currency. Overall, the Central Bank's debt has decreased, while government debt has increased.
Russia’s foreign debt contracted by $2.6 bln year-to-date, the Accounts Chamber said in its flash report on the budget performance in the first quarter of this year. "The foreign debt of the Russian Federation stood at …
The United States wants to create trouble for Moscow by artificially banning payments in dollars to servicing Russia’s external debt, but the country will make payments in rubles, State Duma Speaker Vyacheslav Volodin said on Wednesday, …
Russian Finance Minister Anton Siluanov has called the information spread by CNN about Russia defaulting on its foreign debt "incorrect". He elaborated that questions about why investors, including Americans, did not receive …
The United States stopped the Russian government from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of dollars. …
A surge in credit card borrowing to a record high in the United Kingdom last month has prompted concerns that low-income households are turning to expensive forms of lending to cope with rising costs of food, clothing and fuel, The Guardian …
Too much of household debt is denominated in dollars, despite efforts in recent years to reduce borrowers’ exposure to foreign currencies
The Finance Ministry of Russia specified its actions in terms of servicing the country’s public debt. The ministry will give all the necessary instructions to agents, provided that the accounts of the Bank of Russia and the government are …
Russia’s public debt increased by 1.48 trillion rubles for the first half of 2021 and amounted to 20.4 trillion rubles, the Accounts Chamber said in its report on execution of the federal budget for January-June 2021. …
The debt burden ratio of Russians at the macro-level (DBR, the ratio of all payments under relevant loans to total income of the population) increased to record-breaking 11.7% as of 2021 year-start, according to papers for the presentation of …
Russia's public debt increased by 39.9% in 2020 to 18.99 trillion rubles ($257 bln), which is 17.8% of GDP, according to the documents published by the the Accounts Chamber. "The public debt of the Russian Federation in 2020 …
The Executive Board of the International Monetary Fund approved relief on debt service for 25 member countries that are eligible for support from the Catastrophe Containment and Relief Trust (CCRT), the IMF said. The approval …
Russia’s total external debt shrank in the first quarter to its lowest level since 2009, the central bank said, posing few extra risks for the already battered rouble and helping Russia withstand coronavirus-related shocks. …
Total worldwide debt sat close to a record $253 trillion by the end of 2019, the Institute of International Finance estimated. This represented an increase from $250.9 trillion at the end of the second quarter of 2019. …
The share of retail consumer non-performing loans in Russia declined 0.6% to 4.8% as of October 1, according to Russia's central bank data. Outstanding loans were 16.9 trillion rubles, up from 10.6 trillion five years ago, RBC …
Head of the Russian republic of Chechnya Ramzan Kadyrov asked the government and Gazprom in his Telegram channel to write off households’ gas debts. He said that the gas distribution network of the republic was …
The Supreme Court of the Russian Republic of Chechnya turned down an earlier court decision to write off households’ 9 billion ruble debt for gas. The Zavodskoy District Court of Grozny ruled in January to write off the …
Chechen leadership’s approach to addressing the issue of writing off gas debts in court is not correct, Russian Minister for North Caucasus Affairs Sergei Chebotarev said. "I’m aware of the Chechen …
