RBC: in 2023 the Russian government will have the right to sell foreign debts

In the federal budget of Russia, it is planned to fix a mechanism that potentially ensures receipts on the debts of foreign states. RBC writes about this on September 28, citing materials for the draft budget.

The corresponding measure became relevant in the context of the sanctions imposed by the West, which limited Russia’s interstate settlements with foreign countries in dollars and euros.

“In 2023, the government has the right to conclude agreements on the assignment of claims on external debt claims of the Russian Federation to foreign states and (or) foreign legal entities,” the new paragraph of the draft document reads.

Debts of foreign states or legal entities to Russia, which have become difficult to service due to sanctions, can be assigned by Moscow to structures in the debtor countries.

Earlier that day, it became known that the State Duma would consider a draft budget for 2023-2025. According to the project, a transition to strong economic growth in 2024 at a level above 2% is implied. An extraordinary plenary session of the State Duma will be held on October 3.

Prior to that, on September 22, the press service of the Russian government announced the approval of the draft budget of the Russian Federation for 2023 and the planning period of 2024 and 2025. As Russian Finance Minister Anton Siluanov explained, the deficit is projected at about 2.9 trillion rubles, or 2% of GDP.

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