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  Thursday, October 29, 2020
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Russia's state debt will be brought down to 12% of gross domestic product in the next two years
Russia's state debt will be brought down to 12% of gross domestic product in the next two years, compared with the 2005 level of 20%, the finance minister said Thursday. Alexei Kudrin said, "In the next two years, we plan to reduce state debt to 12% of GDP. This means that we have removed all risks on the debt, which in 1998 [the year of Russia's financial crisis] were considered very high."
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