Russia Central Bank Balance Sheet (2024)

FAQs

What is the debt of the Russian central bank? ›

According to the Bank of Russia's estimate, external debt of the Russian Federation as of June 30, 2024 totaled $306.1 billion, having decreased by $10.7 billion, or by 3.4%, since the end of 2023.

Russia Current Account recorded a surplus of 5.1 USD bn in May 2024, compared with a surplus of 7.1 USD bn in the previous month. Russia Current Account Balance: USD mn data is updated monthly, available from Jan 2012 to May 2024, with an averaged value of 5.4 USD bn.

The central bank's balance sheet plays a critical role in the functioning of the economy. The main liabilities of the central bank (banknotes and commercial bank reserves) form the ultimate means of settlement for all transactions in the economy.

In 2023, the total assets of the Russian banking sector exceeded 134 trillion Russian rubles, having increased from the previous year.

Measuring by debt to GDP ratio, Lebanon's debt is the highest in the world, and the United States—which has the world's largest economy and highest GDP—drops to spot 12.

The $35 trillion gross federal debt includes debt held by the public as well as debt held by federal trust funds and other government accounts. In very basic terms, this can be thought of as debt that the government owes to others plus debt that it owes to itself.

In Q1 2024, Russia's current account surplus stood at USD2. 2bn, from USD1. 1bn in the previous quarter owing to import growth (9.9% y-o-y) falling faster than exports (4.0% y-o-y). Given the recent widening of the surplus, the annualised balance stood at 2.9% of GDP in Q1 2024, compared with 2.5% in Q4 2023.

Russia's trade surplus expanded to USD 10.66 billion in April 2024 from USD 6.77 billion in the corresponding month of the previous year, as exports increased and imports fell. Exports rose by 5 percent to USD 33.2 billion from USD 31.6 billion in April 2023, boosted by higher oil & gas prices.

The Fed's balance sheet is a financial statement updated weekly that shows what the U.S. central bank owes and owns. More officially, it's the Fed's H. 4.1 statement. It's not dissimilar to the financial bookkeeping you may do in your own life.

What happens when the Fed loses money? ›

Most of the time, the Fed's earnings on its balance sheet are positive, and it remits any profits above its operating costs back to the Treasury. In the case of a loss, the Fed would halt its remittances to the Treasury until it had offset its losses with subsequent profits.

The Federal Reserve is not funded by congressional appropriations. Its operations are financed primarily from the interest earned on the securities it owns—securities acquired in the course of the Federal Reserve's open market operations.

GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. In 2022, the GDP in Russia was around 2.27 trillion U.S. dollars.

Founded in 1841, PAO Sberbank is the largest bank in Russia, Central and Eastern Europe, and one of the leading financial institutions worldwide. Market share in Russia is approx. 30%. 50% + 1 voting share is owned by Central Bank of Russia.

Key information about Russia National Government Debt

Russia National Government Debt reached 291.5 USD bn in May 2024, compared with 284.6 USD bn in the previous month.

As of May 2024, Russians owed banks more than 35.2 trillion rubles (over $408 billion). According to Meduza's calculations, this represents an increase of nearly 22 percent in just one year.

Key information about Russia External Debt

Russia External Debt reached 306.1 USD bn in Jun 2024, compared with 302.7 USD bn in the previous quarter.