Which states borrowed money from Russia
The World Bank for the first time disclosed data on the debts of developing countries to other states, including Russia. In total, at the end of 2019, about 30 developing countries owed Russia almost $22.9 billion. The Ministry of Finance, which is responsible for loans to foreign countries, does not publish such information.
The largest debtor of Russia is Belarus ($8.1 billion). At the end of 2020, the countries signed an agreement on a loan for another $1 billion. Bangladesh, Venezuela, India, Yemen and Vietnam owe Russia more than $1 billion by the end of 2019. Moscow's largest African debtor is Egypt ($495.5 million). Other African countries owed $973 million at the end of 2019. These are Somalia ($418 million), as well as Mozambique, Ethiopia, Madagascar, Zambia, Sudan and Tanzania. Basically, they took loans from the USSR, but there are also new ones from Zambia and Mozambique. The World Bank also improved its January forecast for Russia's GDP growth in 2021-2022 by 2.9% and 3.2%, respectively. The forecast was revised due to a smaller reduction in GDP last year and the easing of covid restrictions. The risks to GDP growth are related to the danger of new sanctions and the fact that