Countries with the largest public debt from 2001 to 2031 (forecast). Attention, dear readers: Russia left the top 20 countries with the largest public debt in the early 2000s, dropping briefly in 2014. Since the early 2010s, China has steadily increased its public debt and eventually took second place in the ranking. Russia's national debt as of October 1, 2026 is about ₽41.5 trillion: ₽36.68 trillion internal debt and ₽4.84 trillion foreign debt in ruble equivalent. According to the Ministry of Finance, by the end of 2026 it will reach 46.1 trillion ₽, or 19.9% of GDP.