Where did the foreign debt forgiveness policy lead Russia?


During the Soviet period, Moscow invested about $ 150 billion in support of friendly regimes. After the collapse of the USSR, the Kremlin began to write off these debts. Today, China is the world's largest creditor, owing $ 149 billion. It is followed by Japan (107,1 billion), Germany (28,3 billion) and France (27,3 billion). Russia closes the top five, to which foreign states currently owe $ 22,9 billion. Let's see if our policy forgiveness of debts.


This topic is quite sensitive, and the authorities are not too fond of spreading about it unless absolutely necessary. The Ministry of Finance of the Russian Federation does not publish such figures, so it became possible to find them out from the data provided by the World Bank. To understand the essence of the issue, it is necessary to understand, and why do they even lend to other countries? The USSR at one time supported friendly political regimes within the framework of our state ideology. But, for example, China today does not climb into a strange monastery with its own charter. He is interested in buying up natural resources, investing in the construction of infrastructure projects, preferably in such a way as to drive his partners into debt and have a lever of economic pressure on them. Beijing is not worried about the "irrecoverable" loans to poor African countries. Likewise, the European Union has hooked Ukraine on the "credit needle", which lives from the IMF tranche to the next tranche. The irrecoverable public debt of Independent for the West is not a "toxic asset", but on the contrary, a very useful instrument of political influence on Kiev. Do you want money? Implement reforms.

But here for some reason everything is turned upside down. Over the three decades that have passed since the collapse of the Soviet Union, foreign debt to Russia has dropped from $ 150 billion to $ 22,9 billion. Moscow began to write off debts already in 1992, starting with Nicaragua. And off we go. To whom have we not forgiven the external debt: Angola, and Algeria, and Ethiopia, and Vietnam, and Mozambique, and Yemen, and Tanzania, and Madagascar, and Mozambique, and Benin, and Mali, and Guinea-Bissau, and Chad, and Sierra Leone, and Laos, and Mongolia, and Afghanistan, and Iraq, and Syria, and Libya, and Kyrgyzstan, and Uzbekistan, and Cuba, and the DPRK. The mere listing was tiring and annoying. By the way, in 2014, President Putin forgave Havana a Soviet debt of $ 31,7 billion. For some reason, they did not figure out how to agree on a friendly reciprocal step, such as the deployment of the RF Ministry of Defense's military infrastructure in Cuba on an indefinite basis. And this, we note, was after the Maidan and the deterioration of relations between Russia and the West.

What do we have as of April 1, 2021.

In the Middle East, after repeated write-offs, Syria's debt to Russia is only $ 530 million, Yemen's - $ 1,15 billion. In Southeast Asia, Bangladesh owes us the most (2,42 billion), followed by India (1,72 billion) and Vietnam (1,62 billion). Afghanistan owes $ 849 million, Cambodia $ 458 million. On the "black continent" the largest debtor is Somalia with 418 million, and all the African countries (Mozambique, Madagascar, Tanzania, Sudan, Zambia and Ethiopia, also counting Somalia) together owe Moscow 973 million dollars. Egypt's debt is $ 495,5 million. In Latin America, we have only two debtors left: Venezuela ($ 1,84 billion) and Ecuador ($ 110 million).

In addition, Russia has debtors in the European direction. It is friendly Serbia with a debt of $ 770 million. Cooperation between Moscow and Belgrade is carried out in the militarytechnical sphere, construction of the Balkan Stream gas pipeline, as well as modernization of the Serbian railway network. The need to support our last ally in the Balkans, who, unlike other "brothers", has never fought against us and continues to stubbornly evade joining the NATO bloc, is beyond doubt. There are doubts about other "allies".

First of all, this is Belarus, which is the biggest debtor to Russia. Today Minsk owes Moscow at least $ 8,1 billion, and most likely even more. After the signing of agreements on the creation of the Union State, about $ 137 billion has been invested in Belarus to date, but this has not led to the desired result: the Union State remains only "on paper". No Russian military bases appeared on Belarusian territory, and no political reforms were carried out. The attempt of the Russian ambassador Mikhail Babich to speak with Minsk "in a Western way" ultimately led to his resignation.

Nothing worthwhile comes out in Armenia either. As a result of the coup, a street crowd brought to power Prime Minister Nikol Pashinyan, who immediately began to look askance at Moscow, despite the fact that the Armenian state owes it $ 400 million. Under his leadership, Yerevan suffered a crushing and shameful defeat in Nagorno-Karabakh. Political changes have begun in the country, which will lead it to no one knows where else.

Finally, Russia's biggest disappointment is Ukraine. According to Dmitry Medvedev, over the entire post-Soviet period, about $ 250 billion was invested in Nezalezhnaya, which not only did not lead to an increase in Moscow's influence, but had the opposite effect. In 2014, post-Maidan Kiev sent Russia with timber, along with a $ 3 billion debt issued to President Yanukovych. Ukraine's own recognized debt to Russia is now $ 610 million, which in no way prevents it from invoicing and suing us.

As a result, one gets the impression that the Kremlin does not understand very well what the external debt of foreign states to Russia is, why it is needed and how to work with it.
22 comments
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  1. Alexndr p Offline Alexndr p
    Alexndr p (Alexander) April 1 2021 12: 41
    0
    The mere listing was tiring and annoying.

    wassat the path of a journalist is not easy

    the Kremlin does not understand very well what the external debt of foreign states to Russia is, why it is needed and how to work with it.

    PS and where about Venezuela? Well, I read about debt, but about the most interesting?

    The exclusive ownership of oil by the Russian government accounts for 70% of all oil in Venezuela, and 30% belongs to Venezuela
    All payments are made through Moscow. Logistics by Russian companies.

    Here you are of course a journalist. When you are reprinting interesting articles from a topvar, you can still read it.

    Said "A", did not say "B" - and concluded that the Kremlin is not as smart as you. This is the level. I would already say - style.
    1. Vladimir_ Voronov (Vladimir) April 1 2021 12: 57
      +4
      Alexander, I am ready to subscribe to your every word. "Not in the eyebrow, but in the eye."
    2. rjpthju Offline rjpthju
      rjpthju (Lev Atyasov) April 1 2021 17: 25
      0
      In addition to loans, we also make gifts in kind. For example, we are building the Akkuyu nuclear power plant in Turkey at our own expense. The cost is approximately $ 20-25 billion. Refunds ... are practically unrealistic in our lifetime.
      1. Alexndr p Offline Alexndr p
        Alexndr p (Alexander) April 1 2021 18: 08
        +1
        we are building the Akkuyu nuclear power plant in Turkey at our own expense.

        another genius of geopolitics was noted. There is still a lack of advice to Putin and a groan from the steelmaker

        At first I wanted to tell you that these $ 20 billion are deposited in the Russian economy, loading the entire chain of enterprises - but then I think it won't help you. If several years have not been enough for you to realize this simple truth

        Therefore, show your sharp mind wherever you can with such comments. To make all the conclusions at once
        1. The comment was deleted.
  2. avg Offline avg
    avg (Alexander) April 1 2021 13: 13
    0
    Why did you write? what
  3. Bulanov Offline Bulanov
    Bulanov (Vladimir) April 1 2021 13: 23
    +6
    Was it impossible to lease land in "hot" countries to organize resorts there for Russians, or agricultural enterprises, or military bases?
    1. rjpthju Offline rjpthju
      rjpthju (Lev Atyasov) April 1 2021 17: 24
      -2
      We need palm oil more, the people will not survive without it.
  4. Kristallovich Offline Kristallovich
    Kristallovich (Ruslan) April 1 2021 13: 55
    +1
    What can I say ... In order for Russia's allies to remain so, they need to be bought trite. It is interesting that the Americans do not buy anyone - on the contrary, their allies themselves bring them money.
    1. rjpthju Offline rjpthju
      rjpthju (Lev Atyasov) April 1 2021 17: 22
      0
      The article directly indicates the size of the attempt to buy Ukraine and the result
  5. zzdimk Offline zzdimk
    zzdimk April 1 2021 14: 35
    0
    I don't even want to write anything. Very emotional, superficial.
  6. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) April 1 2021 14: 37
    +4
    So there were already articles here.
    The media counted by 19 under a hundred lards of new debts written off. Arabs, Asians. Africans.
    Compared to them, Belarus is a trifle.
    Naturally, they write off state debts, as it were, (not pure private traders, this is separately) and oligarch companies receive preferences for this (mining, trade, construction, etc.)
    1. The comment was deleted.
  7. steelmaker Offline steelmaker
    steelmaker April 1 2021 15: 47
    0
    Competent article. And there is nothing to add, the author himself said everything:

    the Kremlin does not understand very well what the external debt of foreign states to Russia is, why it is needed and how to work with it.
  8. Petr Vladimirovich (Peter) April 1 2021 16: 09
    +2
    Hello colleagues! As always, from life. Late 70s, NRC, Brazzaville.
    All weapons in the country, including MiGs and supplies, are a gift from the USSR.
    The largest hotel in the country is Cosmos. The largest maternity hospital in the country, Maternite, entirely with our staff. At the bazaar there are bags of sugar - Don de l'Union Sovietique.
    The people are not rich, but honest: there are bananas, pineapples, papaya, mango, peanuts, mahogany, finally, France takes well!
    And what? And nothing ...
  9. rjpthju Offline rjpthju
    rjpthju (Lev Atyasov) April 1 2021 17: 18
    -1
    In addition to loans, we also make gifts in kind. For example, we are building the Akkuyu nuclear power plant in Turkey at our own expense. The cost is approximately $ 20-25 billion. Refunds ... are practically unrealistic in our lifetime. What's that called? And then we are surprised at the growing poverty of the people and the growth of unemployment.
    1. Alexndr p Offline Alexndr p
      Alexndr p (Alexander) April 1 2021 18: 14
      -1
      we are surprised at the growing poverty of the people and the rise in unemployment.

      if you could think logically and analyze, you would understand that the contract for this nuclear power plant gives a lot of work and earnings to our people. But alas.

      So sadness further) sad opposition)
      1. rjpthju Offline rjpthju
        rjpthju (Lev Atyasov) April 3 2021 16: 44
        0
        I will not argue, I will just give:
        Former Deputy Minister of Atomic Energy, Doctor of Technical Sciences, Professor Bulat Nigmatulin:

        Indeed, Russian export projects for the construction of nuclear power plants abroad are being promoted through loans. At the same time, Russia issues them on unfavorable terms for itself, with high risks of non-return. The basic intergovernmental agreement between the Russian Federation and the Republic of Turkey specifies a “build-own-operate” financing scheme.

        In fact, we are talking about donating a nuclear power plant to Turkey.

        Even Russian Wikipedia notes:

        There are no financial obligations from Turkey. With a high probability, all expenses will be paid from the Russian budget, with more than half of them being mastered by Turkish contractors;
        There are no obligations of the Turkish side to build power lines and substations for the selection of capacities;
        It is unclear whether there will be demand for nuclear power, as the station is located near the resort area of ​​Antalya, where there are no large industrial enterprises;
        Turkish citizens are trained free of charge for the operation of nuclear power plants;
        The price of electricity was fixed for 25 years, excluding dollar inflation, rising world electricity prices and changes in exchange rates;
        The agreement does not spell out force majeure circumstances, as well as a ban on the nationalization of nuclear power plants;
        The project company received an interest-free loan for construction, which is unprecedented in the practice of long-term international investment contracts.
    2. Petr Vladimirovich (Peter) April 2 2021 19: 27
      +1
      Dear Leo! If not a big secret, from which region of the Russian Federation?
      1. rjpthju Offline rjpthju
        rjpthju (Lev Atyasov) April 3 2021 16: 18
        +2
        Komi Republic.
        1. Petr Vladimirovich (Peter) April 3 2021 17: 27
          0
          smile smile smile smile smile
          Finally, the robot missed ... drinks
  10. Wanderer039 Offline Wanderer039
    Wanderer039 April 3 2021 01: 13
    +5
    Writing off debts and issuing new loans without political and economic demands from the borrowed, this is an unforgivable mistake (if not swearing) of the Kremlin and its inhabitants
  11. Kofesan Offline Kofesan
    Kofesan (Valery) April 3 2021 06: 49
    +1
    ... foreign debt forgiveness policy

    In itself, this statement is highly controversial. In the sense that it is "politics". Rather, it is not a policy, but a blind copy of the closest scheme of behavior available for practical "implementation" in a difficult situation ... what Soviet Union. As in many other spheres: the national question, the protection of national interests, and everything else.

    For lack of your own, which you need to work out with sweat and blood. There is no ideology (the ideology of the feudal cut is never an ideology) - there is no "politics" either. And why work like "galley slaves" if all the "working" time is spent on the development of purchases in expensive boutiques ...? And time for "politics" or economics - well ... on the leftover principle ... Between French chefs and mastering the management of new "toys"!

    And only in amounts sufficient for a formal otmaz on possible claims and accusations of criminal inaction.
    Time is like that. Time for the nouveau riche grabbers. And what do you want from them? Politics? Xxxhaa laughing .
    Swimming with the flow ... With weak, albeit convulsive attempts to row ... This is what it is, but it is not "politics"
  12. kriten Offline kriten
    kriten (Vladimir) April 10 2021 11: 07
    0
    The authorities have money in bulk, so you don't have to delve into the intricacies: goodbye and don't demand anything. The authorities think they are strengthening their international authority. In fact, this is not the case, and in many cases it is quite the opposite.