Infographic: Where Banks Have Most Outstanding Debt from Russia (2024)

FAQs

Where do banks have the most outstanding debt from Russia? ›

Exposure to Russian debt was highest in Italy and France, where upwards of $25 billion was owed each at the end of the third quarter of 2021. In Austria and the U.S., exposure stood at $17.5 billion and $14.7 billion, respectively.

Sanctions Sberbank, Gazprombank, VEB. RF, VTB Bank, Russian Agricultural Bank, Sovcombank, Novikombank, JSC Alfa-Bank and Credit Bank of Moscow. Bans Russian insurers from conducting transactions with reinsurers in the US, UK, Australia, Canada, Japan, Switzerland, countries in the EU and other "unfriendly states."

India takes the top spot. The world's most populous country owed $38.3bn to the WB at the end of 2022, down by almost $1.5bn from a year earlier.

At the top is Japan, whose national debt has remained above 100% of its GDP for two decades, reaching 255% in 2023.

Does Russia still own U.S. Treasury bonds? How much U.S. debt has Russia owned in the past and did the overnight repo market & U.S. bond market nearly collapse in Sep. 2019 due to Russia & China selling their Treasury bonds? According to the US Treasury, Russian ownership of US Treasuries was $2.1 Billion in Nov 2022.

Singapore is one of Asia's major financial centers. It is also one of the most prosperous countries on the planet. And all this has been achieved without taking on any meaningful public debt. In fact, very much like Norway, Singapore has more assets than debt.

Public debt in Russia was 18.9% of GDP in 2022. For more public debt information, visit our dedicated page.

JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.

What is the strongest US bank? ›

J.P. Morgan Chase is the number one bank in America in terms of total assets held, according to the Federal Reserve.

To enter Russia for any purpose, a U.S. citizen must possess a valid U.S. passport and a bona fide visa issued by a Russian Embassy or Consulate. It is impossible to obtain an entry visa upon arrival, so travelers must apply for their visas well in advance.

Serbia, Mexico and Brazil have announced that they would not be participating in any economic sanctions against Russia. Western countries and others began imposing limited sanctions on Russia when it recognised the independence of Donbas.

The United States assesses that doing business in the Russia Federation and in Russia-occupied territories of Ukraine poses serious legal, financial, and reputational risks.

Russia National Government Debt reached 281.6 USD bn in Feb 2024, compared with 287.8 USD bn in the previous month.

It is widely known that the United States holds a difficult-to-fathom amount of debt. In fact, the nearly 17 Trillion dollars represents the largest external debt in the world.

Nearly half of all US foreign-owned debt comes from five countries. All values are adjusted to 2023 dollars. As of January 2023, the five countries owning the most US debt are Japan ($1.1 trillion), China ($859 billion), the United Kingdom ($668 billion), Belgium ($331 billion), and Luxembourg ($318 billion).