Armenia is among the largest debtors of Russia among the CIS countries as it ranks third with a debt of $ 0.3 billion, RBK reported.
The loans were granted by Russia to Armenia since 2015 for the purchase of Russian weapons and the operation of the Armenian nuclear power plant.
Belarus comes first. As of June 1, 2019, the debt of Belarus is $ 7.55 billion, as noted by the Belarusian Finance Ministry.
Minsk's debt has hardly changed compared to the end of 2018, when it amounted to $ 7.52 billion, according to the Bank of Russia.
Since 2012, the debt of Belarus to Russia has doubled. But in the summer of 2019, for the first time in recent years, Moscow refused to refinance the current part of the Belarusian debt (First Deputy Prime Minister Anton Siluanov said in June that Moscow was expecting steps from Minsk towards economic integration), and Belarus requested a loan from China, and also held bonds in Russian rubles on the Russian market. China is the second-largest lender to Belarus after Russia.
Ukraine ranks second in debt to Russia with about $ 3.7 billion in total.
Kyiv reportedly owes $ 3.075 billion on Eurobonds, which the National Wealth Fund (NWF) acquired in December 2013.