External debts’ stability of the Russian economy (1991-2014)

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Abstract


The article deals with the question of Russian external debt payments in 1991-2014 years. In 1990’s the Russian Federation had a lot of economic problems and financial difficulties with the debts’ payments because of the budget deficit, lack of foreign currency reserves, the debts of the USSR to be paid. In the 2000’s the situation has become better thanks to the positive economic growth and the high oil prices, and the Russia fulfilled its debts’ obligations in time. The world crisis (2008-2009) and the West countries’ economic sanctions had made less the debts’ stability of the Russian economy.

About the authors

L N Fedyakina

Peoples' Friendship University of Russia

Email: lnf76@yandex.ru

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