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Kazakhstan has the longest external debt, while Russia has the shortest
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Published

11/06/2025, 14:53

Kazakhstan has the longest external debt, while Russia has the shortest

Among the countries of the Eurasian Economic Union, Kazakhstan has the largest share of long-term external debt (87%), while Russia has the shortest debt structure, with short-term liabilities accounting for 43%.

As of 1 July, the external debt of the EAEU countries reached $561.9 billion. Over the year, it increased by $15.6 billion, or 2.9%. Most of this debt belongs to Russia, $320.8 billion, with the remainder distributed as follows:

  • Armenia — $17.9 billion;
  • Belarus — $37.7 billion;
  • Kazakhstan — $172.8 billion;
  • Kyrgyzstan — $12.7 billion.

According to published data, long-term external debt prevails in all EAEU member states. Its share varies from 57% to 87%. In Kyrgyzstan, it is 86%, in Armenia — 76%, and in Belarus — 69%.

It should be added that the external debt of the EAEU countries includes the debts of government agencies, monetary authorities, banks and other sectors, as well as intercompany lending.

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