International Credit Policy of Russia

Boris Aronovich Kheyfets
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Boris Aronovich Kheyfets: Institute of Economics, Russian Academy of Sciences; Financial University under the Government of the Russian Federation, Moscow, Russia

Russian Foreign Economic Journal, 2017, issue 7, 95-107

Abstract: The paper analyzes the credit policy of Russia and the policy of managing outstanding debts owed by foreign countries to Russia. There are four stages, when there have been significant changes in Russian policy in this area. There is an intensification of credit policy at the present stage, which contributes to the development of foreign trade and investment expansion of Russian companies.Particular attention is paid to the development of credit relations with the CIS countries, primarily with the states of the Eurasian Economic Union. The role of the Eurasian Development Bank in lending to Russia’s partners is growing. It is noted that it is necessary to take into account the mistakes made in the past in the credit policy of the former USSR and Russia itself. It would also be useful to study the experience of the credit policy of China and other foreign countries.

Keywords: Credit policy; foreign debt to Russia; debt write-off; Paris Club of creditors; Eurasian Stabilization and Development Fund. (search for similar items in EconPapers)
Date: 2017
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