Changes in the foreign debt of banks and the non-financial sector (USD billion). Notes: As a result of transactions, not including debt to direct investors. 3Q 2015, tentative estimates. Source: Authors’ calculations based on data from Bank of Russia.

  Part of: Gurvich E, Prilepskiy I (2015) The impact of financial sanctions on the Russian economy. Russian Journal of Economics 1(4): 359-385.