Russia received payments on the debts of other countries four times less than expected

According to RBC, Russia received 11 billion rubles of payments on the debts of other countries instead of the planned revenues on bilateral state loans of 48.7 billion rubles. In 2021, the interest income on bilateral loans amounted to more than 52 billion rubles, in 2020 — more than 64 billion rubles. The Ministry of Finance called the reason for the shortfall to the planned targets in 2022 "non-receipt of payments from foreign borrowers due to the imposed sanctions restrictions."

Last February, the US Treasury banned transactions with the Russian Central Bank, the Ministry of Finance and the National Welfare Fund. Similar restrictions for the Central Bank of the Russian Federation were introduced by the European Union. VEB (agent for payments to Russia from foreign countries) has been sanctioned by Washington and the European Union. The Russian authorities have not ruled out a reduction in interest income last year to 9.7 billion rubles. In 2023, these revenues are projected to grow to 40.3 billion rubles. This forecast followed from the draft federal budget for 2023-2025.

At the same time, we recall that in March of this year, Russian leader Vladimir Putin, during the Russia—Africa International Parliamentary Conference in Moscow, said that Russia had written off the debts of African countries by $ 20 billion.