Russia's five largest tech companies' debt surges to two trillion rubles

The combined debt of Russia's five largest technology companies has grown 53% in 2025 and now stands at two trillion rubles, according to data from the Central Bank of Russia's financial stability review.

Russia's five largest technology companies have seen their debt burden surge sharply in 2025, reaching a combined two trillion rubles. This represents a 53% increase compared with the previous year's level, according to the Central Bank of Russia's report "Financial Stability Review".

The economic news portal Frank Media was among the first to highlight the data. While the report does not publicly explain the precise reasons for the debt growth, it reflects broader financial pressures across Russia's technology sector amid elevated interest rates.

The Central Bank of Russia has maintained its base rate at record-high levels — over 20% — throughout the past year to curb inflation, which in turn has made borrowing significantly more expensive for companies. As a result, it comes as little surprise that loan burdens among major growth-oriented companies have increased dramatically.