In 2013, the public sector’s external debt amounted to a mere 3.8% of GDP, and private-sector external debt totaled a reasonable 30.2% of GDP. Last spring, the country’s foreign reserves amounted to a healthy $472 billion, helped by a substantial current-account surplus; and, according to the Central Bank of Russia, the country’s total foreign assets stood at $1.4 trillion, exceeding its liabilities of $1.2 trillion.