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Russia is the least impacted of the world's 11 largest economies who are facing repayments of bonds and bills of over $7.6 trillion this year and interest coupons in addition of $701 bn. Japan has to repay $3 trillion and the US $2.8 trillion while Russia has a debt bill of just $13 bn.
The UK government faces repaying $165 bn.The figures were compiled by Bloomberg and cover the Group of Seven nations and Brazil, Russia, India and China.
Analysts say the biggest crunch will come in the middle of the year when most of the debt becomes due. Some of the countyries may face higher costs of borrowing as they try to refinance their debt as the global economy slows.